B
Farmers Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
4.40
Risk Adjusted
Capital Ratio #2
3.20
Loss
Ratio
62.69%
Total
Assets
322.87M
Capital
122.73M
Net
Premiums
141.21M
Net
Income
16.35M
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
2,657
824
3,481
23.67%
22.80%
2023
9,555
2,024
11,579
17.48%
22.83%
2022
10,415
757
11,172
6.78%
23.10%
2021
9,542
634
10,176
6.23%
22.81%
2020
7,744
297
8,041
3.69%
21.51%
2019
9,801
377
10,178
3.70%
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
13
8
21
38.10%
47.78%
2023
137
67
204
32.84%
47.29%
2022
125
51
176
28.98%
45.44%
2021
117
47
164
28.66%
44.40%
2020
97
20
117
17.09%
42.45%
2019
100
14
114
12.28%
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
0
0
0
0.00%
41.49%
2023
111
82
193
42.49%
38.64%
2022
107
57
164
34.76%
39.39%
2021
137
72
209
34.45%
40.41%
2020
131
78
209
37.32%
48.09%
2019
142
104
246
42.28%
43.30%
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
943
659
1,602
41.14%
39.63%
2023
1,874
1,854
3,728
49.73%
36.96%
2022
1,772
1,450
3,222
45.00%
37.07%
2021
1,741
1,846
3,587
51.46%
39.17%
2020
1,465
1,476
2,941
50.19%
35.42%
2019
1,337
1,614
2,951
54.69%
35.34%
Other Liability: Claims Made
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
0
0
0
0.00%
81.20%
2023
0
1
1
100.00%
74.87%
2022
0
1
1
100.00%
72.69%
2021
0
1
1
100.00%
79.01%
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
0
0
0
0.00%
12.77%
2023
1
2
3
66.67%
16.34%
2022
4
13
17
76.47%
11.13%
2021
4
13
17
76.47%
18.93%
2020
4
14
18
77.78%
20.93%
2019
4
17
21
80.95%
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
1,055
705
1,760
40.06%
45.00%
2023
2,464
1,200
3,664
32.75%
44.64%
2022
2,650
831
3,481
23.87%
46.15%
2021
2,640
714
3,354
21.29%
46.87%
2020
2,301
556
2,857
19.46%
43.90%
2019
3,400
598
3,998
14.96%
42.09%
Product 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
2020
0
0
0
0.00%
61.51%
Workers' Compensation
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
0
0
0
0.00%
35.29%
2023
15
5
20
25.00%
35.67%
2022
18
6
24
25.00%
37.14%
2021
19
5
24
20.83%
35.46%
2020
17
4
21
19.05%
33.86%
2019
22
5
27
18.52%
34.01%