German American Farm Mutual
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -15.3%. Weak overall results on stability tests (1.7) including weak risk diversification and fair risk adjusted capital in prior years. Fair long-term capitalization index (4.4) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (67.7%), cash (7.9%), common stock (0.2%), other (24.2%)
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
Largest Affiliates
No affiliate information available.