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 (3.9) including excessive premium growth. Good profitability index (5.0) with small operating losses during 2021. Excellent expense controls. Return on equity has been low, averaging 1.6% 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), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
LA, TX
Principal Investments:
Investment grade bonds (87.3%), preferred stock (11.8%), other (1.0%)
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
16259
Website
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