B
AMERICAN 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 Liquidity (6.9 on a scale of 0 to 10) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (4.1). Weak profitability (2.5) with operating losses during 2022. Return on equity has been low, averaging -1.3%.
Other Rating Factors: Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (8.6).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business: Ind annuities (0.2%), other (99.8%)
Licensed in: NM, OK, TX
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
National Farm Group
Investment Rating
--
Company Address
6001 Bridge Street
Fort Worth, TX 76112
Phone Number
(817) 451-9550
NAIC Number
99619
Largest Affiliates
B
Fort Worth, TX - L&A
Weiss Ratings