Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including fair risk adjusted capital in prior years. Good quality investment portfolio (5.8) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.9) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (1.9) with operating losses during 2022. Strong capitalization (8.8) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
NJ, NY
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
Prudential of America
Investment Rating
Company Address
213 WASHINGTON STREET
NEWARK, NJ 07102
NEWARK, NJ 07102
Phone Number
(973) 802-6000
NAIC Number
97195
Website
Largest Affiliates
