Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) with small operating losses during 2023. Excellent expense controls. Return on equity has been low, averaging 1.1% over the past five years. Good overall results on stability tests (6.8) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, CA, MI, MN, MS, NC, NV, NY, TX, WY
Principal Investments:
Investment grade bonds (87.4%), cash (5.2%), other (7.5%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
1300 Concord Terrace
Sunrise, FL 33323
Sunrise, FL 33323
Phone Number
(888) 888-0080
NAIC Number
19658
Website
Largest Affiliates