State Farm Indemnity Co
Major Rating Factors:
History of adequate reserve strength (5.5 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.8). Strengths include potentially strong support from affiliation with State Farm Mutual Automobile Ins Co, good operational trends and excellent risk diversification. Weak profitability index (2.0) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -11.0%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
IL, NJ
Principal Investments:
Investment grade bonds (97.2%), common stock (0.6%), cash (0.2%), other (2.0%)
Corporate Info
Group Affiliation
State Farm Mutual Automobile Ins Co
Investment Rating
--
Company Address
1 State Farm Plaza
Bloomington, IL 61710
Bloomington, IL 61710
Phone Number
(309) 766-6341
NAIC Number
43796
Website
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