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TMCNet:  Fitch Publishes Unrated Issuer Report on State Farm Mutual Automobile Insurance Company

[December 02, 2013]

Fitch Publishes Unrated Issuer Report on State Farm Mutual Automobile Insurance Company

CHICAGO --(Business Wire)--

Fitch Ratings today published an Unrated Issuer Report (UIR) on State Farm Mutual Automobile Insurance Company. UIRs provide analytical perspective and transparency on key issues that affect an organization's creditworthiness but without providing a credit rating or rating-like opinion.

In addition to highlighting what Fitch considers to be State Farm's main credit issues and trends, the report takes a closer look at:

--Capitalization;

--Profitability.

A peer analysis and a summary of market-based indicators round out the UIR.

UIRs are not solicited by the issuer, and Fitch receives no compensation from the issuer for the provision of a UIR. While a UIR is typically based primarily on public information, Fitch analysts may ask questions of an issuer's management while preparing a UIR. The level of management participation, if any, can vary significantly from case to case.

Additional information is available at 'www.fitchratings.com'.

For more information on Unrated Issuer Reports please go to: http://www.fitchratings.com/web_content/product/unrated_reports.pdf.

Related Research:

--'Statutory Performance Ranking (2008-2012)' (Sept. 2013);

--'Property/Casualty Industry Stautory Results and Forecast' (May 2013).


Applicable Criteria and Related Research: State Farm Mutual Automobile Insurance Company (Holding Strong as Competition Mounts)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=722660

Property/Casualty Industry Statutory Results and Forecast

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=707915

Statutory Performance Rankings (2008-2012)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=717021

State Farm Mutual Automobile Insurance Company

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=496426

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.


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