Florida Farm Bureau Cas Ins Co
Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -12.1%. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (55.2%), homeowners (38.3%), comm multi (2.8%), fire (0.2%), other (3.5%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (73.6%), common stock (16.8%), cash (4.6%), real estate (0.9%), non investment grade bonds (0.2%), other (3.8%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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