Development
Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including negative cash flow from operations for 2022 and fair risk adjusted capital in prior years. Good quality investment portfolio (6.1) despite mixed results such as: minimal exposure to mortgages and substantial holdings of BBB bonds but small junk bond holdings. Weak profitability (1.2) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Strong capitalization (7.7) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (8.1).
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