Liquidation of Health Republic Insurance of New York, Corp. - - PowerPoint PPT Presentation

Liquidation of Health Republic Insurance of New York, Corp. Financial Overview as of August 31, 2019

$7,482,341 $3,873,651 $1,726,197 $776,403

1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000

2016 2017 2018 2019

Note 1 Note 2

Total Expenses Incurred Basis

(Inception to Date)

Note 1: Expenses are from May 2016 to December 2016 Note 2: Expenses includes projections from September 2019 to December 2019 of $200,000.

Slide 1

$110,120 $116,861 $107,695 $100,995 $107,861 $98,695 $98,995 $107,861 $98,695 $81,495 $93,695 $93,695 $91,745 $99,611 $79,509 $81,793 $79,951 $55,959 $44,669 $43,169 $50,000 $50,000 $50,000 $50,000 $59,353 $58,853 $59,553 $56,353 $55,453 $45,653 $44,220 $44,053 $46,053 $43,720 $44,720 $45,220

$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000

JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER

2019 Projected Expenses Actual Expenses 2019 2020 Projected Expenses

Estimated 2019

Total Expenses on a Incurred Basis

Actual 2019 ($776,403) vs Projected 2019 ($1,216,663) and Projected 2020 ($603,204)

Slide 2

NYLB Monthly Average Expense Per Quarter

(Inception through September 2019)

$130,930 $111,806 $74,154 $131,536 $116,946 $161,481 $145,881 $117,190 $76,245 $50,629 $98,054 $51,169 $17,716 $14,946

$10,000 $30,000 $50,000 $70,000 $90,000 $110,000 $130,000 $150,000 $170,000

2016 2017 2018 2019

Slide 3

Y/E 2016 Y/E 2017 Y/E 2018 As of August 31, 2019

Cash & Invested Assets $ 40.9 $ 37.6 $ 37.0 $ 41.5 Class II Claims $ 200.7 $ 213.8 $ 217.9 $ 217.9 Other Claims to date including U.S. Government Claims $ 502.0 $ 487.7 $ 487.6 $ 488.1

Cash & Liabilities In Millions

Slide 4