Strength and Stability
Keeping our promises since 1851
Headquartered in Hartford, Connecticut, Nassau has several insurance company subsidiaries including its flagship, Nassau Life and Annuity Company. These insurance companies became part of Nassau in 2016 and since then have improved in financial strength and liquidity.
- $24.8 B Assets Under Management
- $1.6 B Total Adjusted Capital
- 370,000 Policies and Contracts
*As of 9/30/24.
Financial Strength Rating
AM Best and Kroll Bond Rating Agency (KBRA) rate Nassau’s insurance subsidiaries.
AM BEST | KBRA | |
---|---|---|
Rating | B++ | BBB+ |
Most Recent Action | February 14, 2024 | September 25, 2024 |
Ranking | 5th of 13 ratings levels | 8th of 23 ratings levels |
AM Best’s Financial Strength Rating (FSR) applies to Nassau Life Insurance Company, Nassau Life and Annuity Company, and Nassau Life Insurance Company of Kansas. KBRA’s Insurance Financial Strength Rating (IFSR) applies to Nassau Life Insurance Company, Nassau Life and Annuity Company, Nassau Life Insurance Company of Kansas, and Nassau Re (Cayman) Ltd.
Nassau Life and Annuity Company, Nassau Life Insurance Company, Nassau Life Insurance Company of Kansas, and Nassau Re (Cayman) Ltd are indirect subsidiaries of Nassau Financial Group, L.P. They are separate entities and each is responsible for its own financial condition and contractual obligations.
Ratings are a third-party measure of an insurer’s claims-paying ability. Ratings refer only to the financial overview of the company and are not a recommendation of specific policy provisions, rates, or practices of the insurance company. They do not indicate or guarantee any variable annuity or variable universal portfolio’s credit rating or performance. Rating agencies review rankings periodically and there is no guarantee that current rankings will be maintained in the future. For complete rating information, please contact us.
Nassau Life and Annuity Company’s 2023 annual financial statement shows the following: Admitted Assets of $3.94B, all of which are available to pay claims or protect policyholders; Liabilities of $3.77B; Reserves for Future Policy Benefits and Policyholder Funds of $813.4MM; Surplus & Capital of $175.8MM, of which $2.5MM represents paid up capital stock. Nassau Life Insurance Company’s 2023 annual financial statement shows the following: Admitted Assets of $14.25B, all of which are available to pay claims or protect policyholders; Liabilities of $13.93B; Reserves for Future Policy Benefits and Policyholder Funds of $9.97B; Surplus & Capital of $318.4MM, of which $10.0MM represents paid up capital stock. Nassau Life Insurance Company of Kansas’s 2023 annual financial statement shows the following: Admitted Assets of $66.1MM, all of which are available to pay claims or protect policyholders; Liabilities of $56.6MM; Reserves for Future Policy Benefits and Policyholder Funds of $51.6MM; Surplus & Capital of $9.5MM, of which $2.5MM represents paid up capital stock.
Statutory Statements
BPD41956
10-24