Indiana Farmers Mutual Ins Co
Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2022, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -4.3%. Good long-term capitalization index (5.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.7) despite negative cash flow from operations for 2024. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (32.4%), homeowners (23.4%), comm multi (17.0%), farmowners (15.9%), work comp (3.0%), fire (1.0%), product liab. (0.2%), other (7.2%)
Licensed in:
IL, IN, KY, OH, TN
Principal Investments:
Investment grade bonds (86.0%), cash (5.8%), common stock (1.3%), real estate (0.7%), other (6.2%)
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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