Major Rating Factors:
Good profitability index (5.0 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.1% over the past five years. Good overall results on stability tests (5.2) despite excessive premium growth and weak results on operational trends. Fair reserve development (4.3) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, CA, GA, MS, NV, OR, PA, TN, WA
Principal Investments:
Investment grade bonds (82.3%), common stock (15.1%), cash (1.9%), non investment grade bonds (0.7%)
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
25089
Website
Largest Affiliates