Fire Ins Exchange
Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Good long-term capitalization index (5.0) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2023. Fair liquidity (5.0) 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 (8.0). Stability strengths include 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 (80.4%), personal/comm auto (7.4%), comm multi (4.7%), fire (2.4%), fin guar/surety (0.6%), work comp (0.5%), other (3.9%)
Licensed in:
All states except AK, DC, DE, HI, KY, LA, MA, ME, MS, NC, NY, RI, SC, VT, WV
Principal Investments:
Common stock (61.5%), investment grade bonds (29.5%), cash (5.3%), non investment grade bonds (1.7%), other (1.9%)
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
21660
Website
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