A
STATE FARM LIFE & ACCIDENT ASR CO
Bloomington, IL
Data as of
September 30, 2020
NAIC
Classification
Life & Annuity
Risk Adjusted
Capital Ratio #1
4.45
Risk Adjusted
Capital Ratio #2
2.53
Total
Assets
3.30B
Capital
580.54M
Net
Premiums
191.47M
Net
Income
8.30M
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Major Rating Factors: Good quality investment portfolio (6.9 on a scale of 0 to 10) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Good liquidity (6.3) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair profitability (3.8) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors: Excellent overall results on stability tests (7.9) excellent operational trends and excellent risk diversification. Strong capitalization (9.3) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind annuities (7.8%), group life (0.1%), other (92.1%)
Licensed in: CT, IL, NY, WI
Investments
Invested Assets
3.1B
Cash
0.00%
CMO & Structured Securities
23.66%
Other Investment Grade Bonds
67.43%
Non-Investment Grade Bonds
0.73%
Common & Preferred Stock
2.13%
Mortgages in Good Standing
0.00%
Non-Performing Mortgages
0.00%
Real Estate
0.00%
Other Investments
6.10%
Investments in Affiliates
0.05%
Corporate Info
Group Affiliation
State Farm Group
Investment Rating
--
Company Address
One State Farm Plaza
Bloomington, IL 61710
Phone Number
(309) 766-2311
NAIC Number
69094
Largest Affiliates
A
Bloomington, IL - L&A
B
Bloomington, IL - P&C
C
Bloomington, IL - P&C
A
Bloomington, IL - P&C
Weiss Ratings