FLORIDA FARM BUREAU GENERAL INS CO
Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10) including fair financial strength of affiliated Southern Farm Bureau Casualty and weak results on operational trends.
Other Rating Factors:
Good overall profitability index (6.9). Excellent expense controls. Return on equity has been low, averaging 2.2% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (71.5%), comm multi (12.7%), fire (1.0%), product liab. (0.2%), other (14.6%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (95.4%), cash (1.0%), other (3.6%)
Corporate Info
Group Affiliation
Southern Farm Bureau Casualty
Investment Rating
--
Company Address
5700 SW 34th Street
Gainesville, FL 32608
Gainesville, FL 32608
Phone Number
(352) 374-1512
NAIC Number
21817
Website
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