Farmers Ins Co of Flemington
Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -0.6%. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.0) despite negative cash flow from operations for 2024. Stability strengths include good risk diversification. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (41.4%), comm multi (36.6%), fire (7.6%), personal/comm auto (1.8%), product liab. (0.1%), other (12.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (67.3%), common stock (18.8%), real estate (8.6%), cash (3.1%), other (2.3%)
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.