LA Farm Bureau Mutual Ins Co
Major Rating Factors:
Weak profitability index (2.0 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -10.4%. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Good overall results on stability tests (4.9) including.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (73.0%), personal/comm auto (6.6%), fire (1.4%), comm multi (0.9%), other (18.1%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (68.4%), cash (9.6%), common stock (2.3%), other (19.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
7000 Commerce Circle
Baton Rouge, LA 70809
Baton Rouge, LA 70809
Phone Number
(225) 922-6200
NAIC Number
14427
Website
Largest Affiliates
No affiliate information available.