Major Rating Factors:
Fair profitability (3.7 on a scale of 0 to 10). Return on equity has been low, averaging -2.6%. Fair overall results on stability tests (4.8). Good quality investment portfolio (5.5) despite substantial holdings of BBB bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low.
Other Rating Factors:
Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.7).
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (77.4%), group life (10.1%), ind annuities (4.6%), other (8.0%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
MetLife Inc
Investment Rating
Company Address
1209 Orange Street
WILMINGTON, DE 19801
WILMINGTON, DE 19801
Phone Number
(212) 578-2211
NAIC Number
97136
Website
Largest Affiliates
