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

Slide 1 Total Expenses Incurred Basis (Inception to Date) 8,000,000 $7,482,341 7,000,000 6,000,000 5,000,000 $3,873,651 4,000,000 3,000,000 $1,726,197 2,000,000 $776,403 1,000,000 0 Note 1 Note 2 2016 2017 2018 2019 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 2 Total Expenses on a Incurred Basis Actual 2019 ($776,403) vs Projected 2019 ($1,216,663) and Projected 2020 ($603,204) $140,000 $116,861 $120,000 $110,120 $107,695 $107,861 $107,861 $100,995 $99,611 $98,995 $98,695 $98,695 $93,695 $93,695 $91,745 $100,000 $81,793 $81,495 $79,509 $79,951 $80,000 $55,959 $60,000 $50,000 $50,000 $50,000 $50,000 $44,669 $59,553 $43,169 $58,853 $56,353 $59,353 $55,453 $40,000 $46,053 $44,720 $43,720 $44,053 $45,220 $45,653 $44,220 $20,000 $- JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 2019 Projected Expenses Actual Expenses 2019 2020 Projected Expenses Estimated 2019

Slide 3 NYLB Monthly Average Expense Per Quarter (Inception through September 2019) $170,000 $161,481 $145,881 $150,000 $130,930 $131,536 $130,000 $117,190 $111,806 $110,000 $116,946 $98,054 $90,000 $76,245 $70,000 $74,154 $51,169 $50,000 $50,629 $30,000 $17,716 $14,946 $10,000 2016 2017 2018 2019

Slide 4 Cash & Liabilities In Millions As of Y/E Y/E Y/E August 31, 2019 2016 2017 2018 Cash & Invested Assets $ 40.9 $ 37.6 $ 37.0 $ 41.5 Class II Claims $ 200.7 $ 213.8 $ 217.9 $ 217.9 $ 502.0 $ 487.7 $ 487.6 $ 488.1 Other Claims to date including U.S. Government Claims