MID-CENTURY INS CO
Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite potential drain of affiliation with Farmers Insurance Group of Companies and weak results on operational trends. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.0) despite operating losses during 2022. Return on equity has been low, averaging 4.7% over the past five years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (59.0%), homeowners (19.0%), comm multi (15.1%), work comp (6.2%), other (0.6%)
Licensed in:
All states except AK, ME, PR
Principal Investments:
Investment grade bonds (55.6%), common stock (37.8%), real estate (2.5%), non investment grade bonds (1.0%), other (3.0%)
Corporate Info
Group Affiliation
Farmers Insurance Group of Companies
Investment Rating
--
Company Address
6301 OWENSMOUTH AVE
WOODLAND HILLS, CA 91367
WOODLAND HILLS, CA 91367
Phone Number
(414) 369-5033
NAIC Number
21687
Website
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