E
MEDAMERICA INS CO OF NEW YORK
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Low quality investment portfolio (2.7 on a scale of 0 to 10) containing substantial holdings of BBB bonds in addition to moderate junk bond exposure. Weak profitability (0.9) with operating losses during 2021. Return on equity has been low, averaging -137.7%. Weak overall results on stability tests (2.2) including weak risk adjusted capital in prior years.
Other Rating Factors: Fair capitalization (3.2) based on fair risk adjusted capital (moderate loss scenario). Excellent liquidity (8.1).
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind health (79.5%), group health (20.5%)
Licensed in: NY
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
Investments in Affiliates
Corporate Info
Group Affiliation
Lifetime Healthcare Inc
Investment Rating
--
Company Address
165 Court Street
Rochester, NY 14647
Phone Number
(585) 238-4351
NAIC Number
83437
Largest Affiliates
C
Pittsburgh, PA - L&A
C
Orlando, FL - L&A
Weiss Ratings