SFMAICState Farm Mutual Automobile Insurance Company
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The ratings for SFMAIC are reflective of its strong risk-adjusted capitalization, generally favorable earnings and its superior business profile.
Furthermore, low interest rates and higher claims payments are challenging SFMAIC to increase investment income while its above average investment in common stocks exposes surplus to market volatility.
However, downward rating actions may occur should SFMAIC experience a material decline in its financial strength.