Farm Crdt Sys Assn Captive Ins
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent profitability index (7.8) with small operating losses during 2022. Excellent expense controls.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.0). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (15.4%), comm multi (9.0%), work comp (6.6%), other (69.0%)
Licensed in:
CO
Principal Investments:
Investment grade bonds (77.9%), common stock (18.0%), cash (0.8%), other (3.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6312 South Fiddlers Green Circle
Greenwood Village, CO 80111
Greenwood Village, CO 80111
Phone Number
(303) 721-3200
NAIC Number
30805
Website
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