A
STATE FARM LIFE INS 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 (6.4 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 overall profitability (5.3) although investment income, in comparison to reserve requirements, is below regulatory standards. Good Liquidity (6.4).
Other Rating Factors: Excellent overall results on stability tests (7.3) excellent operational trends and excellent risk diversification. Strong capitalization (9.8) 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 (6.4%), group life (1.8%), other (91.8%)
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
B
Richardson, TX - P&C
A
Bloomington, IL - P&C
Weiss Ratings