Major Rating Factors:
Good long-term capitalization index (6.2 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios). Over the last several years, capital levels have remained relatively consistent. Ample reserve history (7.9) that can protect against increases in claims costs. Excellent profitability index (7.8) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (24.5%), work comp (9.6%), fin guar/surety (5.3%), other (60.5%)
Licensed in:
All states
Principal Investments:
Common stock (57.5%), investment grade bonds (22.9%), preferred stock (0.8%), real estate (0.7%), cash (0.2%), other (17.8%)
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
36307
Website
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