Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including excessive premium growth. Good overall profitability index (5.2) with small operating losses during 2023. Excellent expense controls. Return on equity has been low, averaging 0.9% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.1) 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.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
MN, OH, VA, WY
Principal Investments:
Investment grade bonds (88.4%), cash (11.6%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
1300 Concord Terrace
Sunrise, FL 33323
Sunrise, FL 33323
Phone Number
(888) 888-0080
NAIC Number
11034
Website
Largest Affiliates