LAP Comm Ins Co a RRG
Major Rating Factors:
Weak overall results on stability tests (1.5 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and excessive premium growth. The largest net exposure for one risk is excessive at 5.5% of capital. Good long-term capitalization index (5.3) based on fair current risk adjusted capital (moderate loss scenarios). Fair profitability index (3.2) with operating losses during 2022 and 2024.
Other Rating Factors:
History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level. Superior liquidity (9.1) 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 (76.7%), other (23.3%)
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
Largest Affiliates
No affiliate information available.