Mid-Century Ins Co
Major Rating Factors:
Strong long-term capitalization index (8.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.7). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.9) with operating losses during 2022 and 2023. Return on equity has been low, averaging 1.6% over the past five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (52.8%), homeowners (28.7%), comm multi (10.6%), work comp (2.8%), fire (1.9%), fin guar/surety (0.2%), other (3.1%)
Licensed in:
All states except AK, ME
Principal Investments:
Investment grade bonds (54.1%), common stock (40.6%), non investment grade bonds (1.2%), other (4.1%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
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Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
21687
Website
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Largest Affiliates