Development
C
MML BAY STATE LIFE INS CO
WindsorCT
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.4 on a scale of 0 to 10) including fair financial strength of affiliated Massachusetts Mutual Group. Fair overall capitalization (4.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years. Good quality investment portfolio (6.7).
Other Rating Factors: Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Excellent Liquidity (7.5).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Ind annuities (0.5%), other (99.5%)
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
Massachusetts Mutual Group
Investment Rating
--
Company Address
100 BRIGHT MEADOW BOULEVARD
WINDSOR, CT 06095
Phone Number
(413) 788-8411
NAIC Number
70416
Largest Affiliates
C
C
Cincinnati, OH - L&A
C
WINDSOR, CT - L&A
C
Cincinnati, OH - L&A
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