Farmers Insurance Group
Farmers Insurance, a subsidiary of Zurich Financial Services, sells property & casualty insurance and life insurance products through Farmers New World Life Insurance unit, while Farmers Reinsurance unit reinsures the exchange members. The company provides management and administrative services to the members of the Farmers Insurance Exchange, Truck Insurance Exchange, and Fire Insurance Exchange. Acting as the companies' attorneys-in-fact, Farmers Group chooses risks, distributes policy statements to customers, collects premiums, and provides other services.
The Farmers Insurance Group of Companies was founded in 1928 when Farmers Insurance Exchange, an automobile insurer, was formed. As customer demand for additional insurance services increased, the Fire Insurance Exchange and Truck Insurance Exchange were established for home and commercial insurance needs. Today, the Farmers Insurance Group of Companies is the country's third-largest writer of both private passenger automobile insurance and homeowners insurance.
Financial Highlights
| Fiscal Year End: | December |
| Revenue (2002): | 2766.00 M |
| Revenue Growth (1 yr): | (-4.60%) |
| Employees (2003): | 7,935 |