Development
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including fair financial strength of affiliated Manulife Financial Group. Good quality investment portfolio (5.9) despite mixed results such as: minimal exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Good Liquidity (5.7).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (8.7) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
MI, 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
Manulife Financial Group
Investment Rating
Company Address
100 Summit Lake Drive 2nd Fl
Valhalla, NY 10595
Valhalla, NY 10595
Phone Number
(914) 773-0708
NAIC Number
86375
Website
Largest Affiliates