Major Rating Factors:
Poor capitalization (0.0 on a scale of 0 to 10) based on weak risk adjusted capital (severe loss scenario). Low quality investment portfolio (1.3) containing substantial holdings of BBB bonds in addition to junk bond exposure equal to 75% of capital. Exposure to mortgages is large, but the mortgage default rate has been low. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and weak risk diversification due to a relatively small asset base.
Other Rating Factors:
Fair profitability (3.8) with investment income below regulatory standards in relation to interest assumptions of reserves. Fair Liquidity (4.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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.