MEDAMERICA INS CO
Major Rating Factors:
Low quality investment portfolio (2.8 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 88% of capital. Weak profitability (1.2). Return on equity has been low, averaging -56.9%. Weak overall results on stability tests (2.8) including weak results on operational trends and weak risk adjusted capital in prior years.
Other Rating Factors:
Good capitalization (5.1) based on good risk adjusted capital (moderate loss scenario). Excellent Liquidity (7.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except FL, NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Lifetime Healthcare Inc
Investment Rating
--
Company Address
651 Holiday Drive Foster Plaza
Pittsburgh, PA 15520
Pittsburgh, PA 15520
Phone Number
(585) 238-4351
NAIC Number
69515
Website
Largest Affiliates