Farmers Direct Ppty & Cas Ins
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating losses during 2021. Excellent expense controls. Good overall results on stability tests (6.5) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.6) 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). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (55.8%), personal/comm auto (42.6%), other (1.6%)
Licensed in:
All states except CA, MA, MN, VT, WY
Principal Investments:
Investment grade bonds (99.3%), cash (0.7%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0263
NAIC Number
25321
Website
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