B
Foremost County Mutual Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.6) including excessive premium growth and negative cash flow from operations for 2024. Good long-term capitalization index (6.9) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital levels have been consistent over the last several years.
Other Rating Factors: Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability index (9.1) with operating gains in each of the last five years. Excellent expense controls.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. G - Fast asset or premium growth.
Principal Lines of Business: Personal/comm auto (72.2%), homeowners (27.8%)
Licensed in: TX
Principal Investments: Investment grade bonds (66.4%), cash (25.5%), other (8.0%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
5600 Beech Tree Lane
Caledonia, MI 49316
Phone Number
(616) 942-3000
NAIC Number
29254
Largest Affiliates
C
Woodland Hills, CA - P&C
A
Woodland Hills, CA - P&C
A
Woodland Hills, CA - P&C
B
Caledonia, MI - P&C
B
Woodland Hills, CA - P&C