A
STATE FARM LIFE INS CO
Data as of
March 31, 2022
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 (6.2 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. substantial holdings of BBB bonds in addition to minimal holdings in junk bonds. Good liquidity (6.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Excellent overall results on stability tests (7.9) excellent operational trends and excellent risk diversification.
Other Rating Factors: Strong capitalization (9.7) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.4) with operating gains in each of the last five years.
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 (3.0%), group life (1.7%), other (95.3%)
Licensed in: All states except MA, NY, WI, PR
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
69108
Largest Affiliates
B
Bloomington, IL - P&C
C
Bloomington, IL - P&C
A
Bloomington, IL - P&C
B
Richardson, TX - P&C
Weiss Ratings