Development
Major Rating Factors:
Good current capitalization (6.1 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range during the last year. Good quality investment portfolio (5.3) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (6.7).
Other Rating Factors:
Fair overall results on stability tests (4.9). Excellent Liquidity (7.2).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (91.4%), group annuities (6.1%), other (2.5%)
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