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 (4.4) including excessive premium growth and fair risk adjusted capital in prior years. Good long-term capitalization index (6.4) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2019.
Other Rating Factors:
Excellent profitability index (8.6) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (57.5%), homeowners (42.5%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (62.3%), cash (23.0%), other (14.7%)
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