Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including negative cash flow from operations for 2022. Fair profitability (4.7) with investment income below regulatory standards in relation to interest assumptions of reserves. Fair Liquidity (3.8) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals.
Other Rating Factors:
Good capitalization (5.6) based on good risk adjusted capital (moderate loss scenario). Good quality investment portfolio (5.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
Principal Lines of Business:
Ind annuities (8.9%), group life (0.4%), other (90.7%)
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
Nassau Reinsurance Group Holdings LP
Investment Rating
--
Company Address
15 Tech Valley Drive
East Greenbush, NY 12061
East Greenbush, NY 12061
Phone Number
(860) 403-5000
NAIC Number
67814
Website
Largest Affiliates
