S&P downgrades State Farm General Insurance credit ratings on weak underwriting & wildfire impact

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Reinsurance News - May 14, 2025

S&P Global Ratings has lowered State Farm General Insurance’s (SFGI) financial strength and issuer credit ratings to ‘A+’ from ‘AA’, citing a significant deterioration in the company’s capital regulatory solvency ratios. The ratings remain on CreditWatch with negative imp...

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