Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including weak risk diversification, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.2% of capital. Good long-term capitalization index (6.2) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good profitability index (4.9) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -0.1%. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (72.7%), common stock (17.1%), cash (6.0%), other (4.1%)
Corporate Info
Group Affiliation
None
Investment Rating
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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
No affiliate information available.