State Farm Classic Ins Co
Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2023, 2024 and 2025. Weak overall results on stability tests (2.7) including excessive premium growth and lack of operational experience. The largest net exposure for one risk is excessive at 11.3% of capital. Strengths include potentially strong support from affiliation with State Farm Mutual Automobile Ins Co. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except CA, MA, RI
Principal Investments:
Cash (57.6%), investment grade bonds (22.6%), other (19.9%)
Corporate Info
Group Affiliation
State Farm Mutual Automobile Ins Co
Investment Rating
--
Company Address
One State Farm Plaza
Bloomington, IL 61710
Bloomington, IL 61710
Phone Number
(309) 766-2311
NAIC Number
17133
Website
Largest Affiliates