Major Rating Factors:
Good long-term capitalization index (6.7 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Fair profitability index (4.1) with operating losses during 2021, 2022 and 2023. Return on equity has been low, averaging 1.0% over the past five years.
Other Rating Factors:
Excellent liquidity (7.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, HI, MA, ME, MN, ND, NJ, NV, NY, RI
Principal Investments:
Investment grade bonds (91.2%), cash (3.2%), non investment grade bonds (0.5%), other (5.1%)
Corporate Info
Group Affiliation
State Farm Mutual Automobile Ins Co
Investment Rating
--
Company Address
3333 Lee Parkway
Dallas, TX 75219
Dallas, TX 75219
Phone Number
(972) 629-4301
NAIC Number
40150
Website
Largest Affiliates