B
STATE FARM FIRE & CAS CO
Bloomington, IL
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
3.29
Risk Adjusted
Capital Ratio #2
2.12
Loss
Ratio
69.00%
Total
Assets
46.33B
Capital
20.54B
Net
Premiums
13.23B
Net
Income
-1.03B
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Major Rating Factors: History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.1) despite operating losses during the first nine months of 2020. Return on equity has been fair, averaging 8.1% over the past five years.
Other Rating Factors: Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.6). Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (73.2%), personal/comm auto (10.4%), comm multi (5.9%), work comp (1.3%), farmowners (1.2%), other (8.0%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (78.5%), common stock (20.1%), other (1.4%)
Ratios
Premium to Surplus
80.6%
Reserve to Surplus
34.6%
1-Year Reserve Development
2.6%
2-Year Reserve Development
0.7%
Expense Ratio
24.9%
Combined Ratio
93.9%
Cash From Underwriting
107.6%
Net Premium Growth
3.1%
Investments in Affiliates
0.0%
Corporate Info
Group Affiliation
State Farm Group
Investment Rating
--
Company Address
One State Farm Plaza
Bloomington, IL 61710
Phone Number
(309) 766-2311
NAIC Number
25143
Largest Affiliates
A
Bloomington, IL - L&A
C
Bloomington, IL - P&C
A
Bloomington, IL - P&C
B
Richardson, TX - P&C
Weiss Ratings