Major Rating Factors:
Poor capitalization (2.8 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario). Low quality investment portfolio (1.0). Weak profitability (1.1) with operating losses during 2024. Return on equity has been low, averaging -29.3%.
Other Rating Factors:
Weak overall results on stability tests (1.3) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024. Good Liquidity (5.3).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
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:
LA
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
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Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
2932 Renwick St
Monroe, LA 71201
Monroe, LA 71201
Phone Number
(318) 387-1000
NAIC Number
76805
Website
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Largest Affiliates
No affiliate information available.