B
Foremost Ins Co Grand Rapids
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good overall profitability index (6.9 on a scale of 0 to 10). Excellent expense controls. Good overall results on stability tests (5.0) despite excessive premium growth and weak results on operational trends. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (41.9%), personal/comm auto (23.7%), fire (15.8%), other (18.6%)
Licensed in: All states
Principal Investments: Investment grade bonds (93.9%), common stock (2.6%), other (3.5%)
Ratios
Premium to Surplus
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
5600 Beech Tree Lane
Caledonia, MI 49316
Phone Number
(616) 942-3000
NAIC Number
11185
Largest Affiliates
C
Woodland Hills, CA - P&C
A
Woodland Hills, CA - P&C
A
Woodland Hills, CA - P&C
B
Woodland Hills, CA - P&C
C
Woodland Hills, CA - P&C