PENN INS & ANNUITY CO
Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10). Good quality investment portfolio (5.5) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure. Good overall profitability (5.1). Excellent expense controls. Return on equity has been low, averaging 1.8%.
Other Rating Factors:
Good Liquidity (5.7). Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
Principal Lines of Business:
Ind annuities (2.5%), other (97.5%)
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