Farmers Mutl Fire Ins Co Salem
Major Rating Factors:
Good liquidity (6.6 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Fair profitability index (4.6) with operating losses during 2022, 2023 and 2024.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (60.8%), comm multi (19.3%), fire (7.1%), personal/comm auto (5.2%), other (7.5%)
Licensed in:
DE, MD, NJ, PA, VA
Principal Investments:
Investment grade bonds (62.9%), common stock (24.1%), cash (8.7%), real estate (3.5%), other (0.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One Avenue of the Arts
Wilmington, DE 19801
Wilmington, DE 19801
Phone Number
(856) 935-1851
NAIC Number
13854
Website
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