B
Southern Farm Bureau Cas Ins
Rating Date
October 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.23
Risk Adjusted
Capital Ratio #2
1.64
Loss
Ratio
76.99%
Total
Assets
2.90B
Capital
1.35B
Net
Premiums
990.80M
Net
Income
94.83M
My Lists My Alerts
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
112,856
0
112,856
0.00%
23.31%
2023
117,748
0
117,748
0.00%
22.83%
2022
111,060
0
111,060
0.00%
23.10%
2021
113,234
0
113,234
0.00%
22.81%
2020
105,108
0
105,108
0.00%
21.51%
2019
118,352
0
118,352
0.00%
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
338
0
338
0.00%
47.45%
2023
383
0
383
0.00%
47.29%
2022
0
364
364
100.00%
45.44%
2021
446
0
446
0.00%
44.40%
2020
411
0
411
0.00%
42.45%
2019
422
0
422
0.00%
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
332
0
332
0.00%
41.74%
2023
467
0
467
0.00%
38.64%
2022
340
0
340
0.00%
39.39%
2021
0
0
0
0.00%
40.41%
2020
66
0
66
0.00%
48.09%
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
8,307
0
8,307
0.00%
39.58%
2023
12,427
0
12,427
0.00%
36.96%
2022
11,890
0
11,890
0.00%
37.07%
2021
1,123
0
1,123
0.00%
39.17%
2020
1,140
0
1,140
0.00%
35.42%
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
214
0
214
0.00%
12.32%
2023
247
0
247
0.00%
16.34%
2022
558
0
558
0.00%
11.13%
2021
585
0
585
0.00%
18.93%
2020
623
0
623
0.00%
20.93%
2019
344
0
344
0.00%
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
28,080
0
28,080
0.00%
45.22%
2023
29,781
0
29,781
0.00%
44.64%
2022
28,566
0
28,566
0.00%
46.15%
2021
29,400
0
29,400
0.00%
46.87%
2020
27,668
0
27,668
0.00%
43.90%
2019
35,932
0
35,932
0.00%
42.09%