State Farm General Ins Co
Major Rating Factors:
Good overall results on stability tests (6.0 on a scale of 0 to 10) despite weak risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.5% of capital. Other stability subfactors include potentially strong support from affiliation with State Farm Mutual Automobile Ins Co, good operational trends and excellent risk diversification. Poor long-term capitalization index (1.4) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.3) that places pressure on both capital and profits. The one year reserve development was deficient in three of the last five years by between 21.0% and 80.0%.
Other Rating Factors:
Weak profitability index (1.9) with operating losses during 2022, 2023, 2024 and 2025. Vulnerable liquidity (2.6) as a spike in claims may stretch capacity.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (76.0%), comm multi (8.6%), fire (3.5%), farmowners (0.4%), other (11.5%)
Licensed in:
All states except AK, CT, MA, RI
Principal Investments:
Investment grade bonds (98.8%), other (1.2%)
Corporate Info
Group Affiliation
State Farm Mutual Automobile Ins Co
Investment Rating
--
Company Address
One State Farm Plaza
Bloomington, IL 61710
Bloomington, IL 61710
Phone Number
(309) 766-2311
NAIC Number
25151
Website
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