Lafayette Ins Co
Major Rating Factors:
Fair profitability index (4.9 on a scale of 0 to 10). Good long-term capitalization index (6.6) 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.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
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