Farmers Grp Ppty & Cas 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. Good profitability index (4.9) with operating losses during 2021. Excellent expense controls. Return on equity has been low, averaging 1.6% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Superior liquidity (9.8) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (76.1%), homeowners (23.1%), other (0.8%)
Licensed in:
All states except CO, HI, KY, ME, MN, NC, NM, OR, SC, VA, WY
Principal Investments:
Investment grade bonds (96.9%), cash (3.1%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
34339
Website
Largest Affiliates