PENN INS & ANNUITY CO
Major Rating Factors:
Fair overall results on stability tests (3.9 on a scale of 0 to 10) including fair financial strength of affiliated Penn Mutual Group and excessive premium growth. Good quality investment portfolio (5.4) despite mixed results such as: large holdings of BBB rated bonds but junk bond exposure equal to 50% of capital. Good Liquidity (5.7).
Other Rating Factors:
Weak profitability (2.8) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (11.5%), other (88.5%)
Licensed in:
All states except NY, 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
Penn Mutual Group
Investment Rating
--
Company Address
1209 Orange Street
Wilmington, DE 19801
Wilmington, DE 19801
Phone Number
(215) 956-8086
NAIC Number
93262
Website
Largest Affiliates