Development
NASSAU LIFE INSURANCE CO
Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including negative cash flow from operations for 2022. Fair quality investment portfolio (4.5) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 82% of capital. Fair profitability (4.3) with operating losses during the first nine months of 2023.
Other Rating Factors:
Fair Liquidity (3.8). Good capitalization (5.2) based on good risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
Principal Lines of Business:
Ind annuities (8.9%), group life (0.4%), other (90.7%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
Nassau Reinsurance Group Holdings LP
Investment Rating
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Company Address
15 Tech Valley Drive
East Greenbush, NY 12061
East Greenbush, NY 12061
Phone Number
(860) 403-5000
NAIC Number
67814
Website
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Largest Affiliates