B
STATE FARM MUTUAL AUTOMOBILE INS CO
Rating Date
April 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (6.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Fair profitability index (4.4) with operating losses during the first six months of 2022. Fair overall results on stability tests (4.6). Strong long-term capitalization index (8.2) 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: Personal/comm auto (97.4%), acc & health (2.6%)
Licensed in: All states except PR
Principal Investments: Common stock (64.4%), investment grade bonds (29.8%), real estate (0.2%), preferred stock (0.1%), other (5.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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
B
Richardson, TX - P&C
A
Bloomington, IL - P&C
Weiss Ratings