Farm Bureau Ppty & Cas Ins Co
Major Rating Factors:
Good overall profitability index (5.0 on a scale of 0 to 10) despite operating losses during 2022 and 2023. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (8.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (34.8%), farmowners (27.3%), homeowners (25.2%), comm multi (5.5%), work comp (1.7%), other (5.5%)
Licensed in:
AZ, IA, KS, MN, MO, NE, NM, SD, UT
Principal Investments:
Investment grade bonds (68.5%), common stock (17.9%), non investment grade bonds (0.8%), real estate (0.7%), cash (0.2%), preferred stock (0.1%), other (11.7%)
Corporate Info
Group Affiliation
Iowa Farm Bureau Federation
Investment Rating
--
Company Address
5400 University Avenue
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(515) 225-5400
NAIC Number
13773
Website
Largest Affiliates