Cajun Underwriters Reciprocal
Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including weak results on operational trends, negative cash flow from operations for 2025 and lack of operational experience. The largest net exposure for one risk is acceptable at 2.0% of capital. Weak profitability index (2.3) with operating losses during 2022, 2023 and 2024. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Ample reserve history (7.4) that can protect against increases in claims costs. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (55.0%), fire (6.4%), comm multi (1.5%), other (37.1%)
Licensed in:
AL, LA
Principal Investments:
Investment grade bonds (47.4%), cash (33.1%), other (19.5%)
Corporate Info
Group Affiliation
Safepoint Holdings Inc
Investment Rating
--
Company Address
12640 Telecom Drive
Temple Terrace, FL 33637
Temple Terrace, FL 33637
Phone Number
(877) 858-7445
NAIC Number
17321
Website
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