American Strategic Ins Corp
Major Rating Factors:
Fair long-term capitalization index (4.8 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Fair profitability index (3.8) with operating losses during 2019, 2020, 2021, 2022 and the first nine months of 2024. Average return on equity over the last five years has been poor at -11.1%. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.9). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Homeowners (88.0%), fire (2.3%), other (9.7%)
Licensed in:
All states except CA, LA, NY, TX
Principal Investments:
Investment grade bonds (93.7%), common stock (4.7%), real estate (1.0%), 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