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 liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (4.9) including. 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.
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.