Development
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Massachusetts Mutual Group and negative cash flow from operations for 2023. Good quality investment portfolio (5.3) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Weak profitability (2.0) with operating losses during the first three months of 2024.
Other Rating Factors:
Strong capitalization (9.5) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (77.9%), other (22.1%)
Licensed in:
All states except 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
Massachusetts Mutual Group
Investment Rating
--
Company Address
100 BRIGHT MEADOW BOULEVARD
WINDSOR, CT 06095
WINDSOR, CT 06095
Phone Number
(413) 788-8411
NAIC Number
93432
Website
Largest Affiliates