AM Best has upgraded the FSR to A- (Excellent) from B++ (Good) and the Long-Term ICR to “a-” from “bbb+” of State Farm Florida Insurance Co. (State Farm Florida) based in Winter Haven, Fla.
The outlook of these ratings has been revised to stable from positive.
The ratings of State Farm Florida reflect its balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, neutral business profile and appropriate ERM. The ratings also reflect lift, as defined within BCRM, from its parent, State Farm Mutual.
Source: AM Best
Topics Florida AM Best State Farm
Was this article valuable?
Here are more articles you may enjoy.
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
AIG Executive Chair and Former CEO Zaffino Set to Exit for Palantir 
Federal Judge Cautions State Farm Against Gambling With Courts 
Nuclear Verdicts Go Boom, Increase 40.7% in 2025 
