Development
MANHATTAN NATIONAL LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including fair financial strength of affiliated American Financial Group Inc and negative cash flow from operations for 2023. Good quality investment portfolio (5.4) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good Liquidity (6.8).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (8.1) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind annuities (1.4%), other (98.6%)
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
67083
Website
Largest Affiliates