B
PROGRESSIVE PROPERTY INS CO
Rating Date
December 2023
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.57
Risk Adjusted
Capital Ratio #2
2.09
Loss
Ratio
82.30%
Total
Assets
113.12M
Capital
48.62M
Net
Premiums
45.58M
Net
Income
-2.67M
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Weiss Ratings PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Rating B
Capitalization Index 8.30
Investment Safety Index --
Liquidity Index 6.00
Profitability Index 2.80
Reserve Adequacy Index 5.80
Stability Index 4.00
Company Info PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Industry P&C
NAIC Number 13038
Phone Number (727) 821-8765
Website www.americanstrategic.com
Address 1425 Airline Drive Suite 200 St Petersburg, IL 70001
Balance Sheet PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Total Assets 113.12M
Capital and Reserves PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Risk-Adjusted Capital Ratio #1 2.57
Risk-Adjusted Capital Ratio #2 2.09
1-Year Reserve Development -0.20%
2-Year Reserve Development 5.40%
Capital 48.62M
Premium to Surplus 93.70%
Reserves to Surplus 36.20%
Investments PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 0.00%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Medical Loss Ratio --
Cash From Underwriting 117.70%
Combined Ratio 108.20%
Expense Ratio 25.90%
Loss Ratio 82.30%
Net Premium Growth 9.10%
Other Medical PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability PROGRESSIVE PROPERTY INS CO
St Petersburg, IL 		Click to
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Net Income -2.67M
Net Premium 45.58M
Health Premium --
Weiss Ratings