C
FARMERS INS EXCHANGE
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair long-term capitalization index (3.7 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios). Fair profitability index (3.1) with operating losses during 2018, 2020, 2021 and 2022.
Other Rating Factors: Fair overall results on stability tests (4.3) including weak results on operational trends, negative cash flow from operations for 2022 and fair risk adjusted capital in prior years. Vulnerable liquidity (2.7) as a spike in claims may stretch capacity. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. F - Negative cash flow. L - Past results on our liquidity tests. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Personal/comm auto (54.9%), homeowners (32.8%), comm multi (8.5%), work comp (0.4%), fire (0.1%), other (3.2%)
Licensed in: All states except AK, HI, PR
Principal Investments: Common stock (56.0%), investment grade bonds (33.6%), real estate (2.4%), cash (1.3%), non investment grade bonds (0.6%), other (6.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Farmers Insurance Group of Companies
Investment Rating
--
Company Address
6301 OWENSMOUTH AVE
WOODLAND HILLS, CA 91367
Phone Number
(414) 369-5033
NAIC Number
21652
Largest Affiliates
B
WOODLAND HILLS, CA - P&C
B
WARWICK, RI - P&C
C
WOODLAND HILLS, CA - P&C
B
CALEDONIA, MI - P&C
B
WOODLAND HILLS, CA - P&C
Weiss Ratings