B
STATE FARM LLOYDS
DallasIL
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good overall results on stability tests (5.1 on a scale of 0 to 10) despite weak results on operational trends. Affiliation with State Farm Group is a strength. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level.
Other Rating Factors: Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability (8.8) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 15.2%.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (92.2%), comm multi (6.1%), farmowners (1.6%), other (0.1%)
Licensed in: TX
Principal Investments: Investment grade bonds (94.1%), other (5.9%)
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
State Farm Group
Investment Rating
--
Company Address
1251 State Street Suite 1000
Richardson, TX 75082
Phone Number
(414) 369-5033
NAIC Number
43419
Largest Affiliates
A
Bloomington, IL - L&A
B
Bloomington, IL - P&C
C
Bloomington, IL - P&C
A
Bloomington, IL - P&C
Weiss Ratings