Louisiana Workers Comp Corp
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (8.7) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. Good overall profitability index (5.8) despite operating losses during 2022 and 2023. Return on equity has been low, averaging 1.8% over the past five years.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (68.2%), preferred stock (7.2%), real estate (2.2%), non investment grade bonds (0.9%), common stock (0.4%), other (21.2%)
Corporate Info
Group Affiliation
Louisiana Workers Compensation Corporation
Investment Rating
--
Company Address
2237 South Acadian Thruway
Baton Rouge, LA 70808
Baton Rouge, LA 70808
Phone Number
(225) 924-7788
NAIC Number
22350
Website
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