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 (4.7) including excessive premium growth. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent profitability index (9.1). Excellent expense controls.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (75.9%), homeowners (24.1%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (55.1%), cash (37.6%), other (7.3%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
5600 Beech Tree Lane
Caledonia, MI 49316
Caledonia, MI 49316
Phone Number
(616) 942-3000
NAIC Number
29254
Website
Largest Affiliates