FB Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4) including weak risk adjusted capital in prior years, excessive premium growth and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.5% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios).
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Weak profitability index (2.7) with operating losses during 2022, 2023, 2024 and the first six months of 2025.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (52.3%), farmowners (29.1%), homeowners (17.7%), other (0.9%)
Licensed in:
KY, WV
Principal Investments:
Investment grade bonds (83.0%), cash (2.9%), other (14.1%)
Corporate Info
Group Affiliation
Novusphere Holdings 1943 LLC
Investment Rating
--
Company Address
9201 Bunsen Parkway
Louisville, KY 40220
Louisville, KY 40220
Phone Number
(502) 495-5000
NAIC Number
23000
Website
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