Financial Pacific Ins Co
Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.8) with operating losses during 2020 and 2023.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (26.3%), product liab. (12.6%), comm multi (4.2%), work comp (3.1%), fin guar/surety (2.9%), fire (2.7%), homeowners (0.7%), other (47.5%)
Licensed in:
AK, AR, AZ, CA, CO, FL, IA, ID, IL, KS, MN, MO, MT, ND, NE, NM, NV, OK, OR, SD, TX, UT, WA, WI
Principal Investments:
Investment grade bonds (96.0%), cash (3.2%), other (0.8%)
Corporate Info
Group Affiliation
United Fire Group Inc
Investment Rating
Company Address
118 Second Avenue, SE
Cedar Rapids, IA 52401
Cedar Rapids, IA 52401
Phone Number
(319) 399-5700
NAIC Number
31453
Website
Largest Affiliates