B
STATE FARM MUTUAL AUTOMOBILE INS CO
Bloomington, IL
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.25
Risk Adjusted
Capital Ratio #2
1.94
Loss
Ratio
76.60%
Total
Assets
186.28B
Capital
118.01B
Net
Premiums
31.65B
Net
Income
2.65B
Loading...
Major Rating Factors: History of adequate reserve strength (6.2 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.1) despite operating losses during 2016.
Other Rating Factors: Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.9). Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (97.4%), acc & health (2.6%)
Licensed in: All states except PR
Principal Investments: Common stock (61.3%), investment grade bonds (33.1%), cash (0.4%), real estate (0.2%), preferred stock (0.2%), other (4.8%)
Ratios
Premium to Surplus
36.4%
Reserve to Surplus
24.9%
1-Year Reserve Development
-1.1%
2-Year Reserve Development
-2.1%
Expense Ratio
24.7%
Combined Ratio
101.2%
Cash From Underwriting
100.7%
Net Premium Growth
-2.3%
Investments in Affiliates
26.6%
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
25178
Largest Affiliates
A
Bloomington, IL - L&A
B
Bloomington, IL - P&C
C
Bloomington, IL - P&C
A
Bloomington, IL - P&C
B
Richardson, TX - P&C
Weiss Ratings