State Farm Indemnity Co
Major Rating Factors:
History of adequate reserve strength (6.2 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent overall results on stability tests (8.5). Strengths include potentially strong support from affiliation with State Farm Mutual Automobile Ins Co, excellent operational trends and excellent risk diversification. Weak profitability index (2.6) with operating losses during 2021, 2022, 2023 and 2024.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
IL, NJ
Principal Investments:
Investment grade bonds (95.6%), common stock (0.6%), non investment grade bonds (0.2%), other (3.5%)
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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