Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6) with operating losses during 2020. Return on equity has been low, averaging 1.2% over the past five years. Good overall results on stability tests (6.0) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (72.7%), preferred stock (16.6%), cash (0.9%), other (9.8%)
Corporate Info
Group Affiliation
Gray & Co Inc
Investment Rating
--
Company Address
3601 North I-10 Service Road, West
Metairie, LA 70002
Metairie, LA 70002
Phone Number
(504) 888-7790
NAIC Number
15889
Website
Largest Affiliates