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 (3.9) including excessive premium growth. Good long-term capitalization index (5.6) based on good current risk adjusted capital (severe and moderate loss scenarios). However, capital levels have fluctuated somewhat during past years.
Other Rating Factors:
Excellent profitability index (7.8). Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (28.5%), fire (15.7%), other (55.8%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (92.8%), cash (4.4%), other (2.8%)
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
41688
Website
Largest Affiliates