Major Rating Factors:
Good liquidity (6.9 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 (5.1) despite weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.4) that can protect against increases in claims costs. Excellent profitability (7.5) with operating gains in each of the last five years.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (51.9%), homeowners (31.2%), farmowners (9.0%), fire (3.4%), comm multi (2.2%), other (2.4%)
Licensed in:
TN
Principal Investments:
Investment grade bonds (49.5%), common stock (47.6%), other (2.8%)
Corporate Info
Group Affiliation
Tennessee Farmers Mutual
Investment Rating
--
Company Address
147 Bear Creek Pike
Columbia, TN 38401
Columbia, TN 38401
Phone Number
(931) 388-7872x2352
NAIC Number
15245
Website
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