FB Ins Co
Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2022, 2023, 2024 and 2025. Fair overall results on stability tests (4.3) including excessive premium growth and weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.8% of capital.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (56.4%), homeowners (23.5%), farmowners (19.6%), other (0.5%)
Licensed in:
KY, WV
Principal Investments:
Investment grade bonds (49.8%), cash (2.4%), other (47.8%)
Corporate Info
Group Affiliation
Novusphere Holdings 1943 LLC
Investment Rating
--
Company Address
9201 Bunsen Parkway
Louisville, KY 40220
Louisville, KY 40220
Phone Number
(502) 495-5000
NAIC Number
23000
Website
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