Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including potential financial drain due to affiliation with Nassau Reinsurance Group Holdings LP and weak results on operational trends. Fair quality investment portfolio (3.5) with large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Exposure to mortgages is significant, but the mortgage default rate has been low. Good capitalization (5.2) based on good risk adjusted capital (moderate loss scenario).
Other Rating Factors:
Good overall profitability (5.4) despite operating losses during 2024. Excellent Liquidity (10.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (92.5%), ind health (4.6%), group life (1.3%), other (1.6%)
Licensed in:
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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
Nassau Reinsurance Group Holdings LP
Investment Rating
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Company Address
One American Row
Hartford, CT 06103
Hartford, CT 06103
Phone Number
(860) 403-5000
NAIC Number
93734
Website
Largest Affiliates