Franklin Ins Co
Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (4.8) with operating losses during 2020 and 2023. Return on equity has been low, averaging 1.6% over the past five years. Fair overall results on stability tests (4.8) including.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (22.3%), product liab. (6.8%), comm multi (5.9%), work comp (5.3%), fin guar/surety (4.5%), fire (3.8%), homeowners (1.2%), other (50.1%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (93.4%), cash (4.7%), other (1.9%)
Corporate Info
Group Affiliation
United Fire Group Inc
Investment Rating
Company Address
118 Second Avenue, SE
Cedar Rapids, IA 52401
Cedar Rapids, IA 52401
Phone Number
(319) 399-5700
NAIC Number
10728
Website
Largest Affiliates