Major Rating Factors:
Good long-term capitalization index (6.1 on a scale of 0 to 10) based on good current risk adjusted capital (severe and moderate loss scenarios). Over the last several years, capital levels have remained relatively consistent. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Fair profitability index (4.1) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Fair liquidity (4.5) as cash resources may not be adequate to cover a spike in claims. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, HI, MA, ME, MN, ND, NJ, NV, NY, RI
Principal Investments:
Investment grade bonds (92.3%), cash (4.0%), other (3.7%)
Corporate Info
Group Affiliation
State Farm Mutual Automobile Ins Co
Investment Rating
--
Company Address
3333 Lee Parkway
Dallas, TX 75219
Dallas, TX 75219
Phone Number
(972) 629-4301
NAIC Number
40150
Website
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