Development
MASSMUTUAL ASCEND LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10). Fair current capitalization (4.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario) reflecting improvement over results in 2022. Fair quality investment portfolio (4.1) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 70% of capital.
Other Rating Factors:
Good overall profitability (6.9) despite operating losses during the first nine months of 2023. Excellent Liquidity (7.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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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
American Financial Group Inc
Investment Rating
--
Company Address
301 East Fourth Street
Cincinnati, OH 45202
Cincinnati, OH 45202
Phone Number
(513) 361-9000
NAIC Number
63312
Website
Largest Affiliates