Farmers & Mechanics F&C Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Farmers and Mechanics Mutual Ins Co of West Virginia. The largest net exposure for one risk is conservative at 1.8% of capital. Good long-term capitalization index (5.0) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Ample reserve history (7.3) that can protect against increases in claims costs. Weak profitability index (2.0) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -8.4%.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.5%), other (0.5%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (89.1%), cash (6.6%), non investment grade bonds (3.8%), other (0.6%)
Corporate Info
Group Affiliation
Farmers and Mechanics Mutual Ins Co of West Virginia
Investment Rating
--
Company Address
25 Administrative Drive
Martinsburg, WV 25404
Martinsburg, WV 25404
Phone Number
(304) 263-0809
NAIC Number
12611
Website
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