Economy Fire & Casualty 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 (4.8) with operating losses during 2021 and 2022. Return on equity has been low, averaging 1.5% over the past five years. 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:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (72.7%), homeowners (25.7%), other (1.6%)
Licensed in:
All states except DC, DE, MA, ME, NJ, RI, SC
Principal Investments:
Investment grade bonds (78.1%), common stock (20.9%), cash (0.9%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
22926
Website
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