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. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital. Weak profitability index (2.7) with operating losses during 2022, 2023, 2024 and the first three 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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