Farmers Ins Co
Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) despite operating losses during 2021, 2022 and 2023. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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 overall results on stability tests (7.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (67.6%), homeowners (28.4%), comm multi (2.1%), fire (0.6%), work comp (0.1%), other (1.2%)
Licensed in:
AR, CA, IA, KS, MO, OK
Principal Investments:
Investment grade bonds (95.6%), cash (4.4%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
21628
Website
--
Largest Affiliates