Farmers Mutl Hail Ins Co of IA
Major Rating Factors:
Vulnerable liquidity (2.5 on a scale of 0 to 10) as a spike in claims may stretch capacity. Good profitability index (5.0) with operating losses during 2020 and 2023. Return on equity has been low, averaging 1.7% over the past five years. Good overall results on stability tests (5.6) despite.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AK, DC, HI, ME, RI
Principal Investments:
Investment grade bonds (45.6%), common stock (17.7%), non investment grade bonds (4.0%), real estate (3.4%), cash (1.4%), other (28.1%)
Corporate Info
Group Affiliation
Farmers Mutual Hail Ins Co of Iowa
Investment Rating
--
Company Address
6785 Westown Parkway
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(515) 724-5007
NAIC Number
13897
Website
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