FL Farm Bureau General Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with operating gains in each of the last five years. Return on equity has been low, averaging 1.9% over the past five years. Good overall results on stability tests (5.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (69.2%), comm multi (12.6%), fire (1.0%), personal/comm auto (0.4%), product liab. (0.2%), other (16.7%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (99.5%), cash (0.3%), other (0.2%)
Corporate Info
Group Affiliation
Southern Casualty Holding Co
Investment Rating
--
Company Address
5700 Southwest 34th Street
Gainesville, FL 32608
Gainesville, FL 32608
Phone Number
(352) 378-1321
NAIC Number
21817
Website
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