Major Rating Factors:
Good overall profitability index (6.9 on a scale of 0 to 10). Excellent expense controls. 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. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (38.2%), personal/comm auto (21.4%), fire (18.9%), other (21.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (88.4%), common stock (2.5%), other (9.0%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
5600 Beech Tree Lane
Caledonia, MI 49316
Caledonia, MI 49316
Phone Number
(616) 942-3000
NAIC Number
11185
Website
Largest Affiliates