A
STATE FARM LIFE & ACCIDENT ASR CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good quality investment portfolio (6.3 on a scale of 0 to 10) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated 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. Weak profitability (2.9) 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 (8.6) 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 (4.1%), other (95.9%)
Licensed in: CT, IL, NY, WI
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
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
B
Richardson, TX - P&C
Weiss Ratings