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. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (8.5). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.2) with operating losses during 2022 and 2023. Return on equity has been low, averaging 3.0% over the past five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (54.5%), homeowners (26.8%), comm multi (10.7%), work comp (3.4%), fire (1.5%), fin guar/surety (0.2%), other (2.8%)
Licensed in:
All states except AK, ME
Principal Investments:
Investment grade bonds (56.2%), common stock (38.2%), non investment grade bonds (1.2%), other (4.4%)
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