Development
WESTERN AGRICULTURAL INS CO
Major Rating Factors:
Fair overall results on stability tests (4.9 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2022. Strengths include potentially strong support from affiliation with Iowa Farm Bureau.
Other Rating Factors:
Fair profitability index (4.1) with operating losses during 2021 and 2022. Return on equity has been fair, averaging 68.5% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (16.6%), homeowners (11.5%), comm multi (8.7%), farmowners (5.5%), work comp (4.5%), other (53.2%)
Licensed in:
AL, AZ, AR, CO, ID, IL, IN, IA, KS, MI, MN, MO, MT, NE, NV, NM, ND, OH, OK, SC, SD, TN, TX, UT, VA, WI, WY
Principal Investments:
Investment grade bonds (50.5%), common stock (49.5%)
Corporate Info
Group Affiliation
Iowa Farm Bureau
Investment Rating
--
Company Address
5400 University Avenue
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(414) 369-5033
NAIC Number
27871
Website
Largest Affiliates