Major Rating Factors:
Good overall profitability index (6.9 on a scale of 0 to 10) with small operating losses during 2023. Excellent expense controls. Good overall results on stability tests (6.5) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, CA, MI, MN, MS, NC, NV, NY, TX, WY
Principal Investments:
Investment grade bonds (96.1%), cash (3.8%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
1300 Concord Terrace
Sunrise, FL 33323
Sunrise, FL 33323
Phone Number
(888) 888-0080
NAIC Number
19658
Website
Largest Affiliates