Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and fair risk adjusted capital in prior years. Good long-term capitalization index (6.9) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2023. Vulnerable liquidity (2.2) as a spike in claims may stretch capacity.
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.9%), non investment grade bonds (2.4%), cash (0.8%)
Corporate Info
Group Affiliation
MetLife Inc
Investment Rating
Company Address
700 Quaker Lane
Warwick, RI 02886
Warwick, RI 02886
Phone Number
(401) 827-2400
NAIC Number
39950
Website
Largest Affiliates