PROVIDENCE ASSN OF UKRAINIAN
Major Rating Factors:
Poor capitalization (1.4 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario). Low quality investment portfolio (0.8) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 73% of capital. Weak profitability (1.8) with operating losses during 2023.
Other Rating Factors:
Weak Liquidity (1.8). Weak overall results on stability tests (1.2) including weak risk adjusted capital in prior years and negative cash flow from operations for 2023.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
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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
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Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
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Phone Number
(215) 627-2445
NAIC Number
56863
Website
Largest Affiliates
No affiliate information available.