B
State Farm F&C Co
Rating Date
November 2024
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
2023
353,112
96,801
449,913
21.52%
22.82%
2022
304,389
81,875
386,264
21.20%
23.10%
2021
282,443
68,772
351,215
19.58%
22.81%
2020
249,423
55,703
305,126
18.26%
21.51%
2019
315,502
74,794
390,296
19.16%
22.66%
2018
381,694
82,710
464,404
17.81%
21.92%
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
2023
5,679
13,553
19,232
70.47%
47.27%
2022
2,307
4,152
6,459
64.28%
45.41%
2021
1,484
1,447
2,931
49.37%
44.40%
2020
2,790
3,960
6,750
58.67%
42.42%
2019
2,450
3,633
6,083
59.72%
44.33%
2018
1,775
1,203
2,978
40.40%
44.16%
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
2023
24,215
11,890
36,105
32.93%
38.64%
2022
21,775
10,239
32,014
31.98%
39.39%
2021
22,687
12,511
35,198
35.54%
40.41%
2020
26,551
14,738
41,289
35.69%
48.09%
2019
22,117
9,723
31,840
30.54%
43.30%
2018
23,410
10,345
33,755
30.65%
41.13%
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
2023
733,170
304,425
1,037,595
29.34%
36.96%
2022
557,583
242,392
799,975
30.30%
37.08%
2021
542,508
293,590
836,098
35.11%
39.17%
2020
777,333
271,350
1,048,683
25.88%
35.42%
2019
647,325
200,291
847,616
23.63%
35.34%
2018
684,538
198,704
883,242
22.50%
34.35%
Medical Professional 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
2023
1
4
5
80.00%
95.21%
2022
0
2
2
100.00%
96.00%
2021
0
4
4
100.00%
93.58%
2020
0
1
1
100.00%
94.02%
2019
0
6
6
100.00%
94.59%
2018
1
2
3
66.67%
94.39%
Medical Professional 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
2023
0
0
0
0.00%
92.52%
2022
0
0
0
0.00%
92.14%
2021
0
0
0
0.00%
91.74%
2020
0
1
1
100.00%
93.85%
2019
0
0
0
0.00%
93.92%
2018
0
0
0
0.00%
92.98%
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
2023
12
29
41
70.73%
74.81%
2022
10
31
41
75.61%
73.22%
2021
8
9
17
52.94%
79.01%
2020
7
31
38
81.58%
80.13%
2019
6
16
22
72.73%
77.47%
2018
7
12
19
63.16%
77.10%
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
2023
111
139
250
55.60%
16.34%
2022
121
98
219
44.75%
11.13%
2021
84
105
189
55.56%
18.93%
2020
81
136
217
62.67%
20.93%
2019
116
150
266
56.39%
16.90%
2018
97
137
234
58.55%
11.94%
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
2023
68,909
55,677
124,586
44.69%
44.64%
2022
57,922
49,342
107,264
46.00%
46.15%
2021
56,082
49,964
106,046
47.12%
46.87%
2020
51,207
39,351
90,558
43.45%
43.90%
2019
74,449
46,934
121,383
38.67%
42.09%
2018
90,832
47,806
138,638
34.48%
39.60%
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
2023
4,428
2,219
6,647
33.38%
35.70%
2022
3,924
2,223
6,147
36.16%
37.14%
2021
3,730
2,126
5,856
36.30%
35.46%
2020
3,422
1,553
4,975
31.22%
33.86%
2019
4,898
1,872
6,770
27.65%
34.01%
2018
3,099
1,602
4,701
34.08%
32.34%
Weiss Ratings