C
Farm Bureau Ppty & Cas Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
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Major Rating Factors: Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -0.6%. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (37.6%), farmowners (25.0%), homeowners (23.3%), comm multi (6.0%), work comp (2.1%), other (6.1%)
Licensed in: AZ, IA, KS, MN, MO, NE, NM, SD, UT
Principal Investments: Investment grade bonds (65.8%), common stock (18.7%), non investment grade bonds (2.5%), real estate (0.8%), preferred stock (0.1%), other (12.1%)
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Investments in Affiliates
Corporate Info
Group Affiliation
Iowa Farm Bureau Federation
Investment Rating
--
Company Address
5400 University Avenue
West Des Moines, IA 50266
Phone Number
(515) 225-5400
NAIC Number
13773
Largest Affiliates
B
West Des Moines, IA - L&A
C
West Des Moines, IA - P&C
B
West Des Moines, IA - L&A