ReliaStar Life Insurance Q1 2025 Financial Report Highlights

The Q1 2025 financial statement of ReliaStar Life Insurance Company of New York, a life, accident and health insurer domiciled in New York with administrative offices in Atlanta, provides comprehensive data on the company's assets, liabilities, income, expenses, and surplus. With over $1.9 billion in total assets as of March 31, 2025, the company maintains a diverse investment portfolio, including bonds, preferred and common stocks, and real estate holdings focused on generating income. Cash and short-term investments remain substantial, supporting liquidity.

The insurer reported significant aggregate reserves for life insurance contracts exceeding $833 million, along with substantial reserves for accident and health contracts. Liabilities also include policyholder dividends and refund provisions, along with obligations for contract claims and reinsurance arrangements, reflecting prudent financial management and regulatory compliance.

Income sources are primarily premium and annuity considerations coupled with net investment income, while deductions primarily cover death benefits, matured endowments, annuity payouts, and disability benefits. Expenses include commissions, general insurance administrative costs, taxes, and reinsurance costs.

Capital and surplus accounts indicate growth with a reported surplus exceeding $426 million, reflecting positive net income and changes attributable to investment valuations and deferred income taxes. The company also holds a sound capital structure with common and preferred stock and no treasury stock reported.

Cash flow analysis shows net cash inflows from operations and investments, supporting ongoing business activities and policyholder obligations. Financing activities include dividend payments to stockholders and capital transactions.

The filing complies with NAIC regulatory standards for annual financial reporting and includes attestations from company executives and a New York state notary, confirming the accuracy and completeness of the data. This financial transparency assists regulators, market analysts, and stakeholders in assessing the insurer's condition and operational stability.

Overall, ReliaStar Life Insurance Company's first-quarter 2025 financials illustrate a stable insurer with strong capital reserves, diversified investments, and compliance with statutory and regulatory requirements, underpinning its solvency and capacity to meet future policyholder obligations.