Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.4) despite operating losses during 2021 and 2023. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.3) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (71.3%), fire (1.5%), other (27.2%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (69.9%), common stock (14.9%), cash (14.7%), other (0.5%)
Corporate Info
Group Affiliation
Gulf States Holdings Inc
Investment Rating
--
Company Address
1201 Camellia Boulevard
Lafayette, LA 70508
Lafayette, LA 70508
Phone Number
(337) 735-4074
NAIC Number
16052
Website
Largest Affiliates