American Strategic Ins Corp
Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (3.9) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -8.6%. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.5). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
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