Lafayette Ins Co
Major Rating Factors:
Good long-term capitalization index (6.7 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Fair profitability index (4.9) with operating gains in each of the last five years. Return on equity has been low, averaging 3.7% over the past five years.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (18.8%), work comp (5.7%), product liab. (5.6%), comm multi (5.1%), fire (3.5%), fin guar/surety (3.4%), homeowners (0.9%), other (56.8%)
Licensed in:
AL, AR, IA, LA, MS, OK, SD, TN
Principal Investments:
Investment grade bonds (96.6%), cash (2.6%), other (0.8%)
Corporate Info
Group Affiliation
United Fire Group Inc
Investment Rating
Company Address
118 Second Avenue, SE
Cedar Rapids, IA 52401
Cedar Rapids, IA 52401
Phone Number
(319) 399-5700
NAIC Number
18295
Website
Largest Affiliates