German American Farm Mutual
Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including weak risk diversification and fair risk adjusted capital in prior years. Fair profitability index (3.6) with operating losses during 2021, 2022 and 2023. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2024. Ample reserve history (7.2) that can protect against increases in claims costs.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (68.7%), cash (6.1%), common stock (0.2%), other (25.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 South Second Street
Pflugerville, TX 78660
Pflugerville, TX 78660
Phone Number
(512) 990-5711
NAIC Number
12877
Website
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