Farmers Ins Co of Flemington
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 (5.4) despite negative cash flow from operations for 2023. Stability strengths include good operational trends and good risk diversification. Fair profitability index (4.2) with operating losses during 2023 and the first nine months of 2024. Return on equity has been low, averaging 3.6% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.3) that helps to protect the company against sharp claims increases.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (38.9%), homeowners (37.8%), fire (7.5%), personal/comm auto (2.2%), work comp (0.6%), product liab. (0.1%), other (12.9%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (71.5%), common stock (18.0%), real estate (8.8%), cash (1.1%), other (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
23 Royal Road
Flemington, NJ 08822
Flemington, NJ 08822
Phone Number
(908) 782-4120
NAIC Number
16446
Largest Affiliates
No affiliate information available.