Major Rating Factors:
History of adequate reserve strength (6.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (2.9) with operating losses during 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (42.9%), comm multi (26.8%), work comp (12.2%), homeowners (11.0%), product liab. (0.5%), fire (0.2%), other (6.5%)
Licensed in:
AZ, IA, IL, IN, MI, NV, OH, UT, WI
Principal Investments:
Investment grade bonds (45.2%), common stock (43.0%), real estate (3.7%), cash (3.2%), non investment grade bonds (2.1%), preferred stock (0.2%), other (2.6%)
Corporate Info
Group Affiliation
Farmers Automobile Ins Association
Investment Rating
--
Company Address
2505 Court Street
Pekin, IL 61558
Pekin, IL 61558
Phone Number
(309) 346-1161
NAIC Number
24201
Website
Largest Affiliates