Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10). Good quality investment portfolio (5.9) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Weak profitability (2.0) with operating losses during 2023.
Other Rating Factors:
Strong capitalization (7.0) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.2).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, PR
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
1 CORPORATE WAY
LANSING, MI 48951
LANSING, MI 48951
Phone Number
(517) 381-5500
NAIC Number
65056
Website
Largest Affiliates