AMERICAN PROGRESSIVE L&H I C OF NY
Major Rating Factors:
Fair overall results on stability tests (3.1 on a scale of 0 to 10) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024. Poor current capitalization (2.0) based on excessive policy leverage and weak risk adjusted capital (moderate loss scenario), although results have slipped from the good range over the last year. Weak profitability (1.4) with operating losses during 2024.
Other Rating Factors:
Weak Liquidity (0.4). High quality investment portfolio (7.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (100.0%)
Licensed in:
All states except AK, AZ, CA, FL, ID, IA, KS, KY, MI, MS, MT, NE, NV, NM, ND, SD, TN, UT, WA, WI, WY, 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
WellCare Health Plans Inc
Investment Rating
--
Company Address
44 South Broadway Suite 1200
Long Island City, NY 11101
Long Island City, NY 11101
Phone Number
(314) 725-4477
NAIC Number
80624
Website
Largest Affiliates