C
Farm Bureau Ppty & Cas Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
49,857
29,098
78,955
36.85%
22.80%
2023
50,518
30,121
80,639
37.35%
22.83%
2022
46,843
28,928
75,771
38.18%
23.10%
2021
45,713
25,827
71,540
36.10%
22.81%
2020
45,668
25,243
70,911
35.60%
21.51%
2019
47,277
25,683
72,960
35.20%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
495
498
993
50.15%
47.78%
2023
552
520
1,072
48.51%
47.29%
2022
581
480
1,061
45.24%
45.44%
2021
533
478
1,011
47.28%
44.40%
2020
577
440
1,017
43.26%
42.45%
2019
619
515
1,134
45.41%
44.33%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1,164
1,323
2,487
53.20%
41.49%
2023
1,399
1,556
2,955
52.66%
38.64%
2022
1,379
1,791
3,170
56.50%
39.39%
2021
1,252
1,773
3,025
58.61%
40.41%
2020
1,842
1,952
3,794
51.45%
48.09%
2019
1,141
1,374
2,515
54.63%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
26,304
64,435
90,739
71.01%
39.63%
2023
26,399
63,208
89,607
70.54%
36.96%
2022
33,724
69,249
102,973
67.25%
37.07%
2021
25,082
56,840
81,922
69.38%
39.17%
2020
41,287
65,054
106,341
61.17%
35.42%
2019
28,055
51,636
79,691
64.80%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
9
15
24
62.50%
12.77%
2023
14
24
38
63.16%
16.34%
2022
2
28
30
93.33%
11.13%
2021
12
19
31
61.29%
18.93%
2020
10
23
33
69.70%
20.93%
2019
16
12
28
42.86%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
8,901
13,138
22,039
59.61%
45.00%
2023
9,275
13,565
22,840
59.39%
44.64%
2022
9,321
12,980
22,301
58.20%
46.15%
2021
10,144
12,698
22,842
55.59%
46.87%
2020
9,518
11,191
20,709
54.04%
43.90%
2019
11,805
13,571
25,376
53.48%
42.09%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
152
134
286
46.85%
35.29%
2023
252
184
436
42.20%
35.67%
2022
241
122
363
33.61%
37.14%
2021
277
168
445
37.75%
35.46%
2020
298
133
431
30.86%
33.86%
2019
326
194
520
37.31%
34.01%