Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with 2.7 million in losses in the current year. Fair capitalization (4.1) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last three years. Fair overall results on stability tests (4.5) based on fair risk-adjusted capital in prior years. Rating is significantly influenced by the strong financial results of Louisiana Health Service and Indemnity Co.
Other Rating Factors:
Good quality investment portfolio (6.7) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
--
Licensed in:
LA
Principal Enrollment Breakdown:
--