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S&P Credit Research839 word report
published Jan 11, 2006
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| Abstract: | The insurer financial strength rating on Louisiana Health Service & Indemnity Co. (d/b/a Blue Cross and Blue Shield of Louisiana) (BCBSLA) is based on the company's strong operating performance, strong competitive position, and very strong capitalization. Offsetting these positive factors is the uncertain market environment following Hurricane Katrina and the company's geographic market concentration. BCBSLA's operating performance continued to improve in 2005 because of strong fee income growth, favorable pricing conditions, and strong brand equity. Consolidated pretax GAAP income through Oct. 31, 2005, was $106.6 million (7.6% ROR) and is expected to be $110 million-$115 million for full-year 2005. In 2004, consolidated pretax GAAP income was $85.6 million, and ROR was 5.4%, compared with pretax income of $67.2 million in
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Louisiana Health Service & Indemnity Co. (d/b/a Blue Cross and Blue Shield of Louisiana) Publication date: 11-Jan-2006 Local Currency Credit Rating: A/Stable/-- Rationale The insurer financial...
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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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