Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.1) including excessive premium growth, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Good long-term capitalization index (6.4) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2019.
Other Rating Factors:
Excellent profitability index (8.8). Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Homeowners (29.1%), fire (15.3%), other (55.5%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (87.8%), cash (9.1%), other (3.1%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
5600 Beech Tree Lane
Caledonia, MI 49316
Caledonia, MI 49316
Phone Number
(616) 942-3000
NAIC Number
41688
Website
Largest Affiliates