STATE FARM MUTUAL AUTOMOBILE INS CO
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 liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.1) despite weak results on operational trends and negative cash flow from operations for 2022. Fair profitability index (3.8) with operating losses during 2021 and 2022. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (97.7%), other (2.3%)
Licensed in:
All states except PR
Principal Investments:
Common stock (64.5%), investment grade bonds (29.4%), real estate (0.2%), preferred stock (0.1%), other (5.8%)
Corporate Info
Group Affiliation
State Farm Group
Investment Rating
--
Company Address
One State Farm Plaza
Bloomington, IL 61710
Bloomington, IL 61710
Phone Number
(309) 766-2991
NAIC Number
25178
Website
Largest Affiliates
