B
Indiana Farmers Mutual Ins Co
Rating Date
October 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
6,511
603
7,114
8.48%
23.31%
2023
6,825
609
7,434
8.19%
22.83%
2022
6,671
609
7,280
8.37%
23.10%
2021
6,334
652
6,986
9.33%
22.81%
2020
5,653
495
6,148
8.05%
21.51%
2019
7,236
647
7,883
8.21%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
384
65
449
14.48%
47.45%
2023
344
57
401
14.21%
47.29%
2022
378
47
425
11.06%
45.44%
2021
397
59
456
12.94%
44.40%
2020
349
51
400
12.75%
42.45%
2019
389
60
449
13.36%
44.33%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
451
184
635
28.98%
41.74%
2023
659
302
961
31.43%
38.64%
2022
508
230
738
31.17%
39.39%
2021
415
212
627
33.81%
40.41%
2020
479
290
769
37.71%
48.09%
2019
517
197
714
27.59%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
3,763
765
4,528
16.89%
39.58%
2023
5,085
912
5,997
15.21%
36.96%
2022
3,351
835
4,186
19.95%
37.07%
2021
3,112
763
3,875
19.69%
39.17%
2020
3,550
784
4,334
18.09%
35.42%
2019
3,707
875
4,582
19.10%
35.34%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
5
2
7
28.57%
81.44%
2023
1
4
5
80.00%
74.87%
2022
2
0
2
0.00%
72.69%
2021
2
2
4
50.00%
79.01%
2020
3
1
4
25.00%
80.13%
2019
1
2
3
66.67%
77.47%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
11
5
16
31.25%
12.32%
2023
17
13
30
43.33%
16.34%
2022
15
7
22
31.82%
11.13%
2021
15
20
35
57.14%
18.93%
2020
26
14
40
35.00%
20.93%
2019
27
27
54
50.00%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1,567
244
1,811
13.47%
45.22%
2023
1,535
230
1,765
13.03%
44.64%
2022
1,700
252
1,952
12.91%
46.15%
2021
1,774
284
2,058
13.80%
46.87%
2020
1,777
290
2,067
14.03%
43.90%
2019
2,450
383
2,833
13.52%
42.09%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
0
0
0.00%
63.97%
2023
0
0
0
0.00%
62.55%
2022
0
0
0
0.00%
56.52%
2021
0
0
0
0.00%
62.74%
2020
0
0
0
0.00%
61.51%
2019
0
0
0
0.00%
70.02%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
135
31
166
18.67%
35.33%
2023
144
31
175
17.71%
35.67%
2022
158
33
191
17.28%
37.14%
2021
171
48
219
21.92%
35.46%
2020
202
40
242
16.53%
33.86%
2019
250
49
299
16.39%
34.01%