S&P Global revises Farmers outlook to negative amid personal auto challenges
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S&P Global revises Farmers outlook to negative amid personal auto challenges

Kyoung-son Song
February 27, 2023
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Farmers Insurance logo aon their headquarters building in Woodland Hills, CA, USA.

S&P Global Ratings has revised its outlook on Farmers Insurance Exchange and its core subsidiaries to negative from stable, citing headwinds in the personal auto, which accounts for more than 50% of its underwriting business.

The ratings agency affirmed its “A” issuer credit and financial strength ratings on Farmers and its core operating subsidiaries.

The

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Kyoung-son Song
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