Major Rating Factors:
Fair profitability index (4.5 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2025. Weak overall results on stability tests (2.5) including weak risk diversification, weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is conservative at 1.2% of capital. Good long-term capitalization index (5.9) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Other (100%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (76.9%), common stock (19.8%), cash (0.9%), other (2.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2626 North Arnoult Road
Metairie, LA 70002
Metairie, LA 70002
Phone Number
(504) 883-2600
NAIC Number
41076
Website
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Largest Affiliates
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