Indiana Farmers Mutual Ins Co
Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair liquidity (4.8) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.5). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (30.5%), homeowners (24.0%), comm multi (17.7%), farmowners (16.8%), work comp (2.5%), fire (1.0%), product liab. (0.2%), other (7.3%)
Licensed in:
IL, IN, KY, OH, TN
Principal Investments:
Investment grade bonds (84.6%), cash (5.1%), common stock (1.3%), real estate (0.6%), other (8.4%)
Corporate Info
Group Affiliation
Indiana Farmers Mutual Ins Co
Investment Rating
--
Company Address
10 West 106th Street
Indianapolis, IN 46290
Indianapolis, IN 46290
Phone Number
(317) 846-4211
NAIC Number
22624
Website
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