Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 2.7% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (95.1%), other (4.9%)
Licensed in:
AR, LA, MS, TN
Principal Investments:
Investment grade bonds (78.5%), common stock (15.4%), cash (4.3%), other (1.8%)
Corporate Info
Group Affiliation
LAMMICO
Investment Rating
--
Company Address
One Galleria Boulevard
Metairie, LA 70001
Metairie, LA 70001
Phone Number
(504) 831-3756
NAIC Number
43656
Website
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