Major Rating Factors:
Poor capitalization (1.8 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario). Low quality investment portfolio (1.7) containing significant exposure to mortgages . Mortgage default rate has been low. Weak overall results on stability tests (0.9) including weak risk adjusted capital in prior years and weak results on operational trends.
Other Rating Factors:
Fair Liquidity (3.5). Excellent profitability (7.0) with operating gains in each of the last five years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
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
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
323 South Academy Street
Opelousas, LA 70570
Opelousas, LA 70570
Phone Number
(337) 948-8238
NAIC Number
78344
Website
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Largest Affiliates
No affiliate information available.