Farm Bureau Mutl Ins Co of MI

Lansing, MI

Rating Date

April 2025

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

3.20

Risk Adjusted
Capital Ratio #2

2.00

Loss
Ratio

70.10%

Total
Assets

1.00B

Capital

427.16M

Net
Premiums

558.89M

Net
Income

30.24M

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Weiss Ratings	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	8.60
Investment Safety Index	--
Liquidity Index	5.20
Profitability Index	3.80
Reserve Adequacy Index	8.10
Stability Index	7.30

Company Info	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Industry	P&C
NAIC Number	21555
Phone Number	(517) 323-7000
Website	www.michfb.com
Address	7373 West Saginaw Highway Lansing, MI 48917

Balance Sheet	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Total Assets	1.00B

Capital and Reserves	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	3.20
Risk-Adjusted Capital Ratio #2	2.00
1-Year Reserve Development	-320.00%
2-Year Reserve Development	-400.00%
Capital	427.16M
Premium to Surplus	130.00%
Reserves to Surplus	70.00%

Investments	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	--
Cash From Underwriting	100.00%
Combined Ratio	100.00%
Expense Ratio	30.00%
Loss Ratio	70.10%
Net Premium Growth	20.00%

Other Medical	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	--
Capitation Pay	--
Contractual Pay	--
Enrollment	--
Fee For Service	--
Medical Expense Per Member Per Month	--
Network Physicians	--
Other Pay	--
Salary Pay	--
Total Patient Encounters - Physician	--
Total Patient Encounters-Non-Physician	--

Profitability	Farm Bureau Mutl Ins Co of MI Lansing, MI	Click to Compare	Click to Compare	Click to Compare
Net Income	30.24M
Net Premium	558.89M
Health Premium	--