American Family Insurance

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American Family Insurance Group (aka "AmFam") is a private mutual company which focuses on property, casualty and auto insurance, but also offers commercial insurance, life, health, and homeowners coverage, as well as investment and retirement-planning products.


The company was founded as the Farmers Mutual Automobile Insurance Company (not to be confused with the Farmers Insurance Group) by Herman Wittwer on October 3, 1927. A Fortune 500 company, its revenues for 2006 were over $6.7 billion[1].


Contents


[edit] Subsidiaries

Companies of the American Family Insurance Group include:[2]

  • American Family Mutual Insurance Company (AFMIC)
  • American Standard Insurance Company (ASIC)
  • American Family Life Insurance Company (AFLIC)[3]
  • American Family Brokerage, Inc. (AFB)
  • American Family Insurance Company of Ohio (AFICO)
(Ohio subsidiary, companion to American Family Mutual Insurance Company)
  • American Standard Insurance Company of Ohio (ASICO)
(Ohio subsidiary; companion to American Standard Insurance Company of Wisconsin)
  • American Family Financial Services, Inc.(AFFS)
  • American Family Securities, LLC (AFS)
  • Amfam.Com Inc.(AMFAM)

[edit] Operating Territory

The American Family Insurance Group is based in Madison, Wisconsin, but also has regional offices in Eden Prairie, Minnesota, Saint Joseph, Missouri, Denver, Colorado and Columbus, Ohio.[4]


AmFam sells insurance and financial products in the following states: Arizona, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Minnesota, Missouri, North Dakota, Nebraska, Nevada, Ohio, Oregon, South Dakota, Utah, Washington, and Wisconsin.

[edit] Company History

1927 Farmers Mutual Automobile Insurance Company is founded on Oct. 3 in Madison, Wis.

1938 Both premiums and assets surpass $1 million.

1957 Farmers Mutual offers its own sickness and accident insurance.

1958 Company introduces homeowners insurance and opens American Family Life Insurance Company.

1959 Farmers Mutual enters the computer age with the RAMAC 305.

1961 American Standard begins sales.

1962 Company offers farmowners insurance.

1963 Policyholders give final approval on March 5 to change the company's name to American Family Mutual Insurance Company.

1965 American Family jingle is copyrighted on July 9.

1969 American Family Financial Services opens.

1975 Commercial Lines is introduced. American Family grows to become the fifth-largest mutual auto insurer.

1981 Assets surpass $1 billion. American Family becomes the fourth-largest mutual auto insurance company.

1985 American Family Brokerage, Inc. opens.

1986 President Dale Mathwich introduces the motto, "Strong, growing and friendly." American Family posts its first $100 million operating gain.

1992 Policyholders' surplus exceeds $1 billion.

1994 American Family rolls out its one-of-a-kind catastrophe trailer. The company ranks as the 11th-largest property/casualty insurer.

1996 American Family first appears on the Fortune 500 list at number 403. The company has been on the list ever since.

1997 American Family grows to become the 10th-largest property/casualty insurer in the nation. Assets surpass $8 billion.

2001 American Family Securities, LLC introduces variable products. Assets for American Family Mutual Insurance Company exceed $10 billion.

2002 American Family celebrates its 75th anniversary.

[edit] References

  1. ^ http://www.amfam.com/company/media/2007/0306_ann_op_06.asp
  2. ^ http://www.amfam.com/company/about_home.asp
  3. ^ Not to be confused with AFLAC, American Family Life Assurance company
  4. ^ http://www.amfam.com/company/where_home.asp

[edit] External links

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