Florida Farm Bureau Cas Ins Co
Major Rating Factors:
History of adequate reserve strength (6.5 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (2.9) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Excellent overall results on stability tests (7.6). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (54.8%), homeowners (37.8%), comm multi (3.3%), fire (0.3%), other (3.9%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (68.5%), common stock (16.4%), cash (3.6%), real estate (0.6%), other (10.9%)
Corporate Info
Group Affiliation
Southern Casualty Holding Co
Investment Rating
--
Company Address
5700 Southwest 34th Street
Gainesville, FL 32608
Gainesville, FL 32608
Phone Number
(352) 378-8810
NAIC Number
31216
Website
Largest Affiliates