B
State Farm Florida Ins Co
Rating Date
November 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
215
164
379
43.27%
38.64%
2022
646
388
1,034
37.52%
39.39%
2021
140
129
269
47.96%
40.41%
2020
213
327
540
60.56%
48.09%
2019
177
121
298
40.60%
43.30%
2018
284
166
450
36.89%
41.13%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
10,193
8,829
19,022
46.41%
36.96%
2022
20,129
20,554
40,683
50.52%
37.08%
2021
7,336
8,707
16,043
54.27%
39.17%
2020
14,547
9,091
23,638
38.46%
35.42%
2019
11,105
4,772
15,877
30.06%
35.34%
2018
17,991
5,825
23,816
24.46%
34.35%
Medical Professional Liability (Occurrence)
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
92.52%
2022
0
0
0
0.00%
92.14%
2021
0
0
0
0.00%
91.74%
2020
0
0
0
0.00%
93.85%
2019
0
0
0
0.00%
93.92%
2018
0
0
0
0.00%
92.98%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
21
20
41
48.78%
16.34%
2022
11
23
34
67.65%
11.13%
2021
15
18
33
54.55%
18.93%
2020
3
13
16
81.25%
20.93%
2019
17
24
41
58.54%
16.90%
2018
13
15
28
53.57%
11.94%
Weiss Ratings