Farmers Ins Co Arizona
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -2.0%. Vulnerable liquidity (3.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair overall results on stability tests (3.3) including excessive premium growth and fair risk adjusted capital in prior years. Good long-term capitalization index (5.6) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2021.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (73.5%), homeowners (23.0%), comm multi (2.6%), other (0.9%)
Licensed in:
AZ, NM
Principal Investments:
Investment grade bonds (76.1%), cash (23.9%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Ave
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
21598
Website
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