About Farmers Insurance Exchange
Farmers Group (dba Farmers Underwriters Association), a US subsidiary of Zurich Financial Services, provides insurance management services to members of the Farmers Insurance Exchange, Truck Insurance Exchange, and Fire Insurance Exchange (which combined form a top US property/casualty insurer). Its Farmers Management Services unit doesn't own the exchanges, but receives a fee acting as the companies' attorneys-in-fact. It chooses risks, distributes policy statements to customers, collects premiums, and provides other non-claims related services. Farmers is also the holding company of Farmers New World Life Insurance and specialty insurer Bristol West.
Farmers Group's other holdings include Farmers Re, which provides reinsurance to the Farmers Exchanges; and Bristol West Holdings, a provider of non-standard auto insurance in more than 40 states. Its 21st Century Insurance unit offers personal auto insurance nationwide. In all, Farmers Group serves more than 10 million households.
Additionally, Farmers Financial Solutions provides such products as mutual funds, life insurance, and annuities, and the firm's Farmers Action for Communities of Tomorrow (F.A.C.T.) program extends services to underserved areas of California that include urban districts.
Farmers Group accounts for about 35% of its parent's operating profit.
California-based Farmers Group serves customers across all 50 US states.
Sales and Marketing
Farmers Group distributes its products through a network of more than 48,000 tied and independent agents.
Farmers Group's revenue increased 2% to $580 million in 2018. This represented 1% of its parent company's revenue, which totaled $44.1 billion that year.
The Farmers Insurance Group of Companies was founded in 1928 with the formation of automobile insurer Farmers Insurance Exchange. A growth in the demand for insurance services led to the establishment of the Fire Insurance Exchange and the Truck Insurance Exchange.
6301 Owensmouth Ave
Woodland Hills, CA 91367-2216
Phone: 1 (888) 327-6335
Employer Type: Privately Owned
CEO: Jeffrey J. Dailey
CFO: Scott R. Lindquist
Chairman: Donald E. Rodriguez
Woodland Hills, CA
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Rancho Cordova, CA
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Westlake Village, CA
Shawnee Mission, KS
Mount Juliet, TN