Major Rating Factors:
Good quality investment portfolio (6.2 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to junk bond exposure equal to 53% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (6.9) despite operating losses during 2024. Return on equity has been low, averaging 4.5%. Good overall results on stability tests (6.5) excellent risk diversification.
Other Rating Factors:
Strong capitalization (9.2) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.1).
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (68.1%), ind annuities (31.2%), other (0.7%)
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
TIAA
Investment Rating
--
Company Address
730 THIRD AVENUE
NEW YORK, NY 10017
NEW YORK, NY 10017
Phone Number
(212) 490-9000
NAIC Number
69345
Website
Largest Affiliates