It is important to know that the company you trust to help you plan for your family's financial security is financially sound. With Presidential Life, you'll have no doubt.
Presidential Life is a New York-domiciled, New York-regulated life insurance and annuity company that has been helping people just like you achieve financial security since 1965. From its modest local beginnings in Rockland County, Presidential has developed into a company with a national network of regional sales directors supporting a field force of more than 16,500 independent financial services professionals active in 49 states and the District of Columbia. Annual sales of approximately $250 million in premium today, and the Company's assets exceed $3.7 billion (statutory), of which 442 million represents the Company's capital and surplus (IMR & AVR).
A.M. Best, the oldest insurance rating agency in the United States, has determined that Presidential Life is financially strong and has given it a rating of B+ (Good), citing the company as having ". . . A good ability to meet their ongoing obligations to policyholders.
To learn more
about Presidential Life's financial strength, click on one of the
hyperlinks listed below:
You may need Adobe Acrobat Version 7 or higher to view the documents listed below. To download Adobe
Reader, click the following link: Adobe Reader.
** By opting to choose the access to the above linked sites, which are third party
Internet sites that are publicly available through the Internet, you will be leaving
the Presidential Life Corporation site. Linked sites are provided only as a convenience
to you. The inclusion of such links is neither an endorsement by Presidential Life
Corporation, implied or otherwise, of the linked site or any products or services
in such site nor a recommendation or suggestion that such linked site need be reviewed
or consulted. Presidential Life Corporation has not reviewed any of the sites linked
to these sites, and is not responsible for the content of off-site pages or any
other linked or linking to these sites. Your linking to any off-site pages or other
sites is at your own risk. Please refer to the Terms of Use of the site to which
you are transferring.
PRESIDENTIAL
LIFE INSURANCE COMPANY as of 09/30/09
PARENT:
Presidential Life is a wholly-owned subsidiary of Presidential
Life Corporation, a publicly-owned
holding company.
A.M. BEST RATING:B+ (Good)
CAPITAL & SURPLUS TO LIABILITIES: 9.9%
INVESTMENT GRADE BONDS: 92.2%
STATES: Admitted to D.C. and all states except New Hampshire.
MARKETING
PROFILE:
A financially stable New York-domiciled company doing business in 49 states and the District of Columbia, Presidential Life offers a broad portfolio of Life Insurance and Annuities emphasizing substantial guarantees and highly competitive initial and renewal rates.
PRESIDENTIAL LIFE INSURANCE COMPANY is located in Nyack, New York
10960 1-800-926-7599 or 1-888-PRES LIF Fax:
845-353-0273
INVESTED ASSETS (in millions)
09/30/09
12/31/08
$
%
$
%
Cash/Short Term
274.7
7.81
291.4
8.08
U. S. Treasury/Agencies
317.5
9.03
332.0
9.20
Foreign Government
8.9
0.25
8.9
0.25
Public Utilities
404.1
11.49
422.7
11.72
Real Estate
0.4
0.01
0.4
0.01
Corporates
2,198.5
62.49
2,129.8
59.03
Preferred Stocks
98.5
2.80
110.2
3.05
Common Stocks
1.7
0.05
2.6
0.07
Payor Swaption
1.0
0.03
0.5
0.01
Other Invested Assets
193.3
5.49
290.7
8.06
Policy Loans
19.4
0.55
18.9
0.52
TOTAL
3,518.0
100%
3,608.1
100%
CREDIT QUALITY DISTRIBUTION
(in millions)
09/30/09
12/31/08
NAIC Rating
Equivalent Public Ratings Moody's/S&P
$
%
$
%
1
Aaa/AAA
349.7
10.89
436.6
13.68
Aa/A
262.8
8.18
304.3
9.54
A/A
1,218.4
37.93
92.22
1,196.4
37.49
94.66
2
Baa/BBB
1,131.4
35.22
1,083.4
33.95
3
Ba/BB
165.9
5.16
122.4
3.84
4
B/B
35.6
1.11
18.1
0.57
5
Caa
35.4
1.10
20.8
0.65
6
Ca + Lower
13.3
0.41
9.1
0.28
TOTAL
$3,212.5
100%
$3,191.1
100%
0
PRESIDENTIAL LIFE INSURANCE COMPANY
(in thousands)
09/30/2009
12/31/2008
ASSETS
Fixed Maturities
3,027,529
3,003,544
Common Stocks
1,706
2,601
Derivative Instruments
983
507
Policy Loans
19,430
18,945
Cash & Short Term Investments
274,713
291,353
Other Invested Assets
193,247
290,691
Other Assets
94,530
98,995
TOTAL ASSETS
3,612,138
3,706,636
LIABILITIES
Policy Reserves
3,296,164
3,283,241
Other Liabilities
(9,178)
(18,629)
TOTAL
3,286,986
3,264,612
CAPITAL, SURPLUS, AND INVESTMENT RESERVES
Asset Valuation Reserve
9,039
41,835
Interest Maintenance Reserve
68,995
71,150
Capital and Surplus
247,118
329,039
TOTAL
325,152
442,024
TOTAL LIABILITIES, CAPITAL AND SURPLUS
3,612,138
3,706,636
PRESIDENTIAL
LIFE INSURANCE COMPANY (in thousands)
FOUNDED:
Corporation, a publicly-owned
holding company.
