Development
Major Rating Factors:
Fair overall capitalization (4.0 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years. Fair profitability (3.3). Return on equity has been low, averaging -2.4%. Fair overall results on stability tests (4.2).
Other Rating Factors:
Good quality investment portfolio (5.5). Good Liquidity (6.0).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
--
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