Panhandle Farmers Mutl Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including weak risk diversification. Fair profitability index (4.9) with operating losses during 2023 and the first six months of 2025. Return on equity has been low, averaging 3.1% over the past five years. Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (78.4%), fire (14.0%), other (7.7%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (61.6%), common stock (22.3%), cash (3.7%), real estate (1.0%), other (11.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3727 Waynesburg Pike Road
Moundsville, WV 26041
Moundsville, WV 26041
Phone Number
(304) 845-2649
NAIC Number
10904
Website
Largest Affiliates
No affiliate information available.