Farmers Ins of Columbus Inc
Major Rating Factors:
Good overall profitability index (6.5 on a scale of 0 to 10) despite operating losses during 2021, 2022 and 2023. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (59.3%), homeowners (28.3%), comm multi (4.4%), fire (3.2%), work comp (0.4%), other (4.4%)
Licensed in:
MI, OH
Principal Investments:
Investment grade bonds (99.3%), cash (0.6%), other (0.1%)
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
36889
Website
Largest Affiliates