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 overall results on stability tests (3.5) including excessive premium growth and weak results on operational trends. 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.
Other Rating Factors:
Excellent profitability index (7.3) despite operating losses during 2021, 2022, 2023 and 2024. Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (21.9%), homeowners (17.3%), comm multi (11.9%), farmowners (7.1%), work comp (6.7%), other (35.0%)
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 (37.0%), cash (32.1%), investment grade bonds (30.9%)
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