Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including excessive premium growth. Good profitability index (5.0) with small operating losses during 2022 and 2023. Excellent expense controls. Return on equity has been low, averaging 0.5% over the past five years. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (84.0%), cash (11.8%), other (4.2%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
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Company Address
1300 Concord Terrace
Sunrise, FL 33323
Sunrise, FL 33323
Phone Number
(888) 888-0080
NAIC Number
12774
Website
Largest Affiliates