Western Agricultural Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (4.5) including excessive premium growth and negative cash flow from operations for 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (21.5%), homeowners (19.7%), comm multi (9.9%), farmowners (7.7%), work comp (6.3%), other (34.8%)
Licensed in:
AL, AR, AZ, CO, IA, ID, IL, IN, KS, MI, MN, MO, MT, ND, NE, NM, NV, OH, OK, SC, SD, TN, TX, UT, VA, WI, WY
Principal Investments:
Common stock (35.1%), investment grade bonds (24.5%), other (40.4%)
Corporate Info
Group Affiliation
Iowa Farm Bureau Federation
Investment Rating
--
Company Address
5400 University Avenue
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(515) 225-5400
NAIC Number
27871
Website
Largest Affiliates