Major Rating Factors:
Good overall capitalization (6.1 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years. Good quality investment portfolio (5.7) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good Liquidity (5.4).
Other Rating Factors:
Fair overall results on stability tests (3.8) including negative cash flow from operations for 2022. Weak profitability (1.8) with operating losses during 2022.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (86.8%), ind annuities (12.8%), group life (0.3%), group health (0.1%)
Licensed in:
All states except PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
320 Park Avenue
New York, NY 10022
New York, NY 10022
Phone Number
(212) 224-1600
NAIC Number
88668
Website
Largest Affiliates