LOUISIANA FARM BUREAU CAS INS CO
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Southern Farm Bureau Casualty, weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability (7.2) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (90.8%), homeowners (1.8%), other (7.3%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (95.9%), cash (3.8%), other (0.4%)
Corporate Info
Group Affiliation
Southern Farm Bureau Casualty
Investment Rating
--
Company Address
7000 Commerce Circle
Baton Rouge, LA 70809
Baton Rouge, LA 70809
Phone Number
(225) 922-6441
NAIC Number
40924
Website
Largest Affiliates
