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 (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.2) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (8.1) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and good risk diversification.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (95.5%), other (4.5%)
Licensed in:
DE, ND, NM, NV
Principal Investments:
Investment grade bonds (74.6%), common stock (6.0%), cash (4.1%), non investment grade bonds (2.5%), other (12.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3501 North Causeway Boulevard
Metairie, LA 70002
Metairie, LA 70002
Phone Number
(504) 838-8100
NAIC Number
39381
Website
Largest Affiliates
No affiliate information available.