Major Rating Factors:
History of adequate reserve strength (6.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.4) despite.
Other Rating Factors:
Fair profitability index (4.0) with operating losses during 2022 and 2023. Return on equity has been low, averaging 0.2% over the past five years. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (89.5%), comm multi (10.5%)
Licensed in:
VA
Principal Investments:
Investment grade bonds (95.9%), other (4.1%)
Corporate Info
Group Affiliation
Virginia Farm Bureau Federation
Investment Rating
--
Company Address
12580 West Creek Parkway
Richmond, VA 23238
Richmond, VA 23238
Phone Number
(804) 290-1000
NAIC Number
10086
Website
Largest Affiliates