Cajun Underwriters Reciprocal
Rating Date
April 2025
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Weak profitability index (1.4 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair overall results on stability tests (3.6) including weak results on operational trends, negative cash flow from operations for 2024 and lack of operational experience. The largest net exposure for one risk is conservative at 2.0% of capital. Good long-term capitalization index (6.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (58.3%), fire (5.5%), comm multi (0.3%), other (35.9%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (32.5%), cash (6.2%), other (61.4%)
Corporate Info
Group Affiliation
Safepoint Holdings Inc
Investment Rating
--
Company Address
12640 Telecom Drive
Temple Terrace, FL 33637
Temple Terrace, FL 33637
Phone Number
(877) 858-7445
NAIC Number
17321
Website
Largest Affiliates