Farmers & Mechanics F&C Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) including fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.7% of capital. Strengths include potentially strong support from affiliation with Farmers and Mechanics Mutual Ins Co of West Virginia. Good long-term capitalization index (6.3) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2024. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Weak profitability index (2.7) with operating losses during 2022, 2023 and 2024. Vulnerable liquidity (2.7) as a spike in claims may stretch capacity.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (83.8%), cash (10.2%), non investment grade bonds (3.6%), other (2.3%)
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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