Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including excessive premium growth. The largest net exposure for one risk is excessive at 7.5% of capital. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (8.9). Excellent expense controls. Excellent liquidity (8.7) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Med mal (85.4%), other (14.6%)
Licensed in:
DC
Principal Investments:
Investment grade bonds (85.0%), cash (14.4%), other (0.6%)
Corporate Info
Group Affiliation
LAMMICO
Investment Rating
--
Company Address
One Galleria Boulevard
Metairie, LA 70001
Metairie, LA 70001
Phone Number
(504) 831-3756
NAIC Number
14444
Website
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