Major Rating Factors:
Strong long-term capitalization index (9.9 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.3) with operating losses during 2023. Return on equity has been low, averaging 1.9% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Farmowners (46.5%), personal/comm auto (28.5%), homeowners (15.1%), comm multi (5.2%), fire (0.2%), other (4.5%)
Licensed in:
CO, IA, ID, KS, MN, MO, MT, ND, NE, NM, OK, OR, SD, WA, WY
Principal Investments:
Investment grade bonds (70.7%), common stock (19.3%), cash (4.4%), real estate (1.8%), non investment grade bonds (0.2%), other (3.6%)
Corporate Info
Group Affiliation
Farmers Alliance Mutual Ins Co
Investment Rating
--
Company Address
1122 North Main Street
McPherson, KS 67460
McPherson, KS 67460
Phone Number
(620) 241-2200
NAIC Number
19194
Website
Largest Affiliates