Mid-Century Ins Co
Major Rating Factors:
Good overall profitability index (6.9 on a scale of 0 to 10) despite operating losses during 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 (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (8.7). 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 (50.1%), homeowners (30.8%), comm multi (10.2%), fire (2.7%), work comp (2.3%), other (3.9%)
Licensed in:
All states except AK, ME
Principal Investments:
Investment grade bonds (55.1%), common stock (38.0%), non investment grade bonds (1.5%), cash (0.3%), other (5.1%)
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) 965-0263
NAIC Number
21687
Website
Largest Affiliates