State Farm Mutl Automobile Ins
Major Rating Factors:
Strong long-term capitalization index (8.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (8.1). Stability strengths include good operational trends and excellent risk diversification. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.6) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -0.8%.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (95.0%), other (5.0%)
Licensed in:
All states
Principal Investments:
Common stock (63.3%), investment grade bonds (30.9%), real estate (0.2%), preferred stock (0.1%), other (5.5%)
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
(800) 440-0998
NAIC Number
25178
Website
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