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. Vulnerable liquidity (2.6) as a spike in claims may stretch capacity.
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. Excellent profitability index (7.3) despite operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Excellent expense controls. Return on equity has been good over the last five years, averaging 64.8%.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
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