American Strategic Ins Corp
Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -8.6%. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Weak overall results on stability tests (2.5) including. The largest net exposure for one risk is excessive at 12.7% of capital.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (90.2%), fire (1.5%), other (8.3%)
Licensed in:
All states except CA, LA, NY, TX
Principal Investments:
Investment grade bonds (93.4%), common stock (5.2%), real estate (0.9%), non investment grade bonds (0.6%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
2 ASI Way, North
Saint Petersburg, FL 33702
Saint Petersburg, FL 33702
Phone Number
(727) 821-8765
NAIC Number
10872
Website
Largest Affiliates