Strength and Stability
Nassau Re is headquartered in Hartford, Connecticut, and has three primary insurance company operating subsidiaries, Nassau Life and Annuity Company, Nassau Life Insurance Company, and PHL Variable Insurance Company (PHLVIC). These insurance companies were part of The Phoenix Companies, Inc., which Nassau Re acquired in 2016. Since then, Nassau Re has contributed significant new equity capital to improve financial strength and liquidity.
As of December 31, 2017 and includes the combined results of
Nassau Life and Annuity Company, Nassau Life Insurance Company, and PHL Variable Insurance Company (PHLVIC)
Rapid changes in the global markets and economy pose many challenges for individuals trying to plan for the future on their own. Our investment management team maintains a strong and well-diversified portfolio backing insurance claims and securing reliable retirement income.
$15.6 B Total GAAP Invested Assets
Statutory Reserves &
Statutory Surplus &
Asset Valuation Reserve
As of September 30, 2018 and includes the combined results of
Nassau Life and Annuity Company, Nassau Life Insurance Company, and PHL Variable Insurance Company (PHLVIC).
Solvency Ratio equals total statutory assets divided
by total statutory liabilities for combined results of these three companies.
A.M. Best affirmed its ratings of our life insurance subsidiaries and maintained a stable outlook on March 29, 2018. A.M. Best said it expects a general improvement in our operating performance over the medium-term.
S&P upgraded ratings for Phoenix Life Insurance Company (now named Nassau Life Insurance Company) and PHL Variable to BB on August 25, 2017 and assigned a stable outlook. These actions reflect a favorable view of the progress the company has made on our business and financial plans.
A.M. Best ratings apply to all Nassau Re insurance subsidiaries: Phoenix Life Insurance Company (now named Nassau Life Insurance Company), PHL Variable Insurance Company, Phoenix Life and Annuity Company (now named Nassau Life and Annuity Company), Constitution Life Insurance Company and The Pyramid Life Insurance Company. S&P ratings apply to Phoenix Life Insurance Company and PHL Variable Insurance Company. Ratings are current as of March 29, 2018. Ratings are a third-party measure of an insurer’s claims-paying ability. They do not indicate or guarantee any variable annuity or variable universal portfolio’s credit rating or performance.