LAP Comm Ins Co a RRG
Major Rating Factors:
Poor long-term capitalization index (0.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range during the last year. Weak overall results on stability tests (1.3) including excessive premium growth, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is excessive at 6.6% of capital. Fair profitability index (2.9) with operating losses during 2022, 2024 and 2025.
Other Rating Factors:
History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL
Principal Investments:
Cash (83.7%), other (16.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5151 Hampstead High Street
Montgomery, AL 36116
Montgomery, AL 36116
Phone Number
(908) 862-6262
NAIC Number
17075
Website
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