Development
Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including fair financial strength of affiliated Brighthouse Financial Inc, negative cash flow from operations for 2023 and fair risk adjusted capital in prior years. Fair current capitalization (4.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario) reflecting significant improvement over results in 2022. Fair profitability (3.8) with operating losses during the first three months of 2024.
Other Rating Factors:
Good quality investment portfolio (6.9). Good Liquidity (6.4).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (99.2%), other (0.8%)
Licensed in:
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
Brighthouse Financial Inc
Investment Rating
Company Address
200 Park Avenue
New York, NY 10017
New York, NY 10017
Phone Number
(212) 578-9500
NAIC Number
60992
Largest Affiliates