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S&P Credit Research881 word report
published Dec 26, 2006
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| Abstract: | The insurer financial strength ratings on Louisiana Health Service & Indemnity Co. (d/b/a Blue Cross and Blue Shield of Louisiana) and HMO Louisiana Inc. (collectively, BCBSLA) are based on BCBSLA's strong operating performance, strong competitive position, and very strong capitalization. Offsetting these positive factors is the company's geographic market concentration. BCBSLA's operating performance improved in 2005 because of strong premium growth and an actual reduction in operational expenses. The medical loss ratio declined to 80.1% from 81.4% in 2004. Consolidated pretax GAAP income through Sept. 30, 2006, was $86.5 million (6.3% ROR) and is expected to be in the range of $95 million-$100 million for the full year 2006. In 2005, consolidated pretax GAAP income was $149.1 million (8.6% ROR),
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Louisiana Health Service & Indemnity Co. And HMO Louisiana Inc. Publication date: 26-Dec-2006 Local Currency Credit Rating: A/Stable/-- Rationale The insurer financial strength ratings on Louisiana...
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| Report Type: | Summary
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| Issuer: | Louisiana Health Service & Indemnity Co. (d/b/a Blue Cross and Blue Shield of Louisiana)
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| Sector: | Global Issuers, Insurance
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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