C
MEDAMERICA INS CO
Rating Date
December 2023
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: Fair current capitalization (4.0 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario), although results have slipped from the good range over the last year. Fair overall results on stability tests (3.8) including weak risk adjusted capital in prior years. Low quality investment portfolio (2.4).
Other Rating Factors: Weak profitability (1.2). Excellent Liquidity (7.8).
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. 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 (85.8%), group health (14.2%)
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
Phone Number
(585) 238-4351
NAIC Number
69515
Largest Affiliates
E
C
Orlando, FL - L&A
Weiss Ratings