Major Rating Factors:
Weak overall results on stability tests (1.5 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and lack of operational experience. The largest net exposure for one risk is acceptable at 2.9% of capital. Good long-term capitalization index (5.9) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good overall profitability index (6.9) despite operating losses during 2022 and 2023. Superior liquidity (10.0) 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.
R - Concerns about the financial strength of its reinsurers.
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 (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2250 Gause Blvd E
Slidell, LA 70461
Slidell, LA 70461
Phone Number
(985) 888-0081
NAIC Number
17351
Website
Largest Affiliates
No affiliate information available.