AMERICAN STRATEGIC INS CO
Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including potential drain of affiliation with Progressive Corp and weak results on operational trends. Weak profitability index (2.8) with operating losses during each of the last five years. Average return on equity over the last five years has been poor at -12.8%.
Other Rating Factors:
Good overall long-term capitalization (6.4) based on good current risk adjusted capital (moderate loss scenario). However, capital levels have fluctuated somewhat during past years. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good liquidity (5.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (86.8%), fire (1.8%), other (11.4%)
Licensed in:
All states except CA, NY, PR
Principal Investments:
Investment grade bonds (93.7%), common stock (4.1%), real estate (1.5%), non investment grade bonds (0.2%), other (0.4%)
Corporate Info
Group Affiliation
Progressive Corp
Investment Rating
Company Address
1 Asi Way
ST. PETERSBURG, FL 33702
ST. PETERSBURG, FL 33702
Phone Number
(727) 821-8765
NAIC Number
10872
Website
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