C
STATE FARM GENERAL INS CO
Data as of
December 31, 2020
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Loading...
Major Rating Factors: Fair overall results on stability tests (3.9 on a scale of 0 to 10) including weak results on operational trends. Strengths include potentially strong support from affiliation with State Farm Group. The largest net exposure for one risk is conservative at 1.6% of capital. Weak profitability index (1.5) with operating losses during 2017, 2018 and 2020. Average return on equity over the last five years has been poor at -13.2%.
Other Rating Factors: Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (72.6%), comm multi (14.3%), fire (1.4%), farmowners (0.5%), other (11.2%)
Licensed in: All states except CT, MA, RI, PR
Principal Investments: Investment grade bonds (92.7%), other (7.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
State Farm Group
Investment Rating
--
Company Address
One State Farm Plaza
Bloomington, IL 61710
Phone Number
(309) 766-2311
NAIC Number
25151
Largest Affiliates
A
Bloomington, IL - L&A
B
Bloomington, IL - P&C
A
Bloomington, IL - P&C
B
Richardson, TX - P&C
Weiss Ratings