Major Rating Factors:
Fair profitability index (3.3 on a scale of 0 to 10) with operating losses during 2019, 2022 and 2023. Average return on equity over the last five years has been poor at -2.8%. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.8) despite. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (8.0) 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.
Principal Lines of Business:
Personal/comm auto (89.4%), comm multi (10.5%)
Licensed in:
VA
Principal Investments:
Investment grade bonds (98.7%), other (1.3%)
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