Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including negative cash flow from operations for 2023. Good quality investment portfolio (5.4) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
DE, MI, 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 plc
Investment Rating
Company Address
2900 WESTCHESTER AVE STE 305
PURCHASE, NY 10577
PURCHASE, NY 10577
Phone Number
(517) 381-5500
NAIC Number
60140
Website
Largest Affiliates