Major Rating Factors:
Poor long-term capitalization index (1.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.8) that places pressure on both capital and profits. In 2025 the two year reserve development was 60.7% deficient. Weak overall results on stability tests (2.2) including weak results on operational trends, excessive premium growth and lack of operational experience.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2022 and 2023. Excellent liquidity (7.5) 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 (93.0%), other (7.0%)
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
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