Farmers Ins Co of WA
Major Rating Factors:
Strong long-term capitalization index (9.2 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (5.6) despite operating losses during 2021, 2022 and 2023. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (56.2%), homeowners (30.1%), comm multi (6.9%), fire (2.0%), work comp (0.5%), fin guar/surety (0.2%), other (4.2%)
Licensed in:
WA
Principal Investments:
Investment grade bonds (98.3%), non investment grade bonds (0.9%), cash (0.8%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
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Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
21644
Website
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