Farmers Ppty & Cas Ins Co
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Excellent profitability index (8.2) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been good over the last five years, averaging 12.1%. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Other Rating Factors:
History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.1) despite excessive premium growth, weak results on operational trends and negative cash flow from operations for 2023.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (64.3%), homeowners (33.2%), other (2.4%)
Licensed in:
All states except AK, CA
Principal Investments:
Investment grade bonds (66.6%), common stock (21.7%), non investment grade bonds (0.4%), preferred stock (0.3%), other (10.9%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
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Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
26298
Website
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Largest Affiliates