Major Rating Factors:
Poor long-term capitalization index (2.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Weak overall results on stability tests (1.6) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is acceptable at 2.3% of capital. 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. 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.
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.