LAP Comm Ins Co a RRG
Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and lack of operational experience. Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. Fair long-term capitalization index (4.2) based on good current risk adjusted capital (severe loss scenarios).
Other Rating Factors:
Good overall profitability index (6.8) despite operating losses during 2022. Superior liquidity (9.3) 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:
(No states)
Principal Investments:
Cash (68.6%), other (31.4%)
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
Largest Affiliates
No affiliate information available.