Louisiana Workers Comp Corp
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.6) with operating losses during 2022 and 2023.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (70.3%), preferred stock (6.6%), real estate (2.1%), non investment grade bonds (0.6%), cash (0.4%), other (20.1%)
Corporate Info
Group Affiliation
Louisiana Workers Compensation Corporation
Investment Rating
--
Company Address
2237 South Acadian Thruway
Baton Rouge, LA 70808
Baton Rouge, LA 70808
Phone Number
(225) 924-7788
NAIC Number
22350
Website
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