MEDAMERICA INS CO
Major Rating Factors:
Fair capitalization (3.2 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario). Fair overall results on stability tests (3.0) including excessive premium growth and weak risk adjusted capital in prior years. Low quality investment portfolio (2.4) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 87% of capital.
Other Rating Factors:
Weak profitability (1.6) with operating losses during 2024. Excellent Liquidity (7.9).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (100.0%)
Licensed in:
All states except FL, NY, PR
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
651 Holiday Drive Foster Plaza
Pittsburgh, PA 15520
Pittsburgh, PA 15520
Phone Number
(585) 238-4351
NAIC Number
69515
Website
Largest Affiliates