LUBA Indemnity Ins Co
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 overall results on stability tests (3.8) including excessive premium growth. Strengths include potentially strong support from affiliation with LUBA Ins Group. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Good liquidity (7.0) 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.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AL, AR, FL, GA, KY, LA, MS, NC, OK, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (85.8%), other (14.2%)
Corporate Info
Group Affiliation
LUBA Ins Group
Investment Rating
--
Company Address
2351 Energy Drive
Baton Rouge, LA 70808
Baton Rouge, LA 70808
Phone Number
(225) 389-5822
NAIC Number
16001
Website
Largest Affiliates