Farmers Ins Exchange
Major Rating Factors:
Fair long-term capitalization index (4.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios). Fair profitability index (3.6) with operating losses during 2020, 2021, 2022 and 2023. Fair liquidity (3.5) as cash resources may not be adequate to cover a spike in claims.
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 (8.4). Strengths include potentially strong support from affiliation with Farmers Ins Group of Companies, excellent operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (41.7%), personal/comm auto (41.5%), comm multi (7.9%), fire (2.7%), work comp (1.1%), fin guar/surety (0.3%), other (4.7%)
Licensed in:
All states except AK, HI
Principal Investments:
Common stock (55.1%), investment grade bonds (37.3%), non investment grade bonds (0.6%), cash (0.5%), real estate (0.2%), other (6.4%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
P.O. Box 4461
Woodland Hills, CA 91365
Woodland Hills, CA 91365
Phone Number
(818) 965-0433
NAIC Number
21652
Largest Affiliates