Garfield Farm Mutual Ins Assn
Major Rating Factors:
Fair reserve development (4.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.5) including excessive premium growth. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.0) with small operating losses during 2024. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Fire (100.0%)
Licensed in:
TX
Principal Investments:
Common stock (56.3%), investment grade bonds (26.7%), cash (6.7%), real estate (0.9%), other (9.4%)
Corporate Info
Group Affiliation
Garfield Farm Mutual Ins Association
Investment Rating
--
Company Address
919 South Panna Maria Avenue
Karnes City, TX 78118
Karnes City, TX 78118
Phone Number
(830) 780-2444
NAIC Number
17737
Website
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