Auto-Owners Insurance

From Wikipedia, the free encyclopedia

Auto-Owners Insurance
TypeMutual (main company)
IndustryFinance and Insurance
FoundedJuly 1, 1916[1]
FounderVern V. Moulton
HeadquartersMichigan,
Lansing, Michigan
,
US
Number of locations
6,301 agencies
Area served
Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia and Wisconsin[2]
Key people
Jeffrey S. Tagsold (CEO)
ServicesInsurance
RevenueUS $8.8 billion (2020 Annual Report)
US $832.4 million (2020 Annual Report)
Total assetsUS $29.7 billion (2020 Annual Report)
Number of employees
5,394 (2019)
DivisionsInsurance; mutual funds
SubsidiariesSee Auto-Owners Insurance Group Companies below.
Websitewww.auto-owners.com

Auto-Owners Insurance Group is a mutual insurance company that provides life, home, car and business insurance. Their policies are sold exclusively through local, independent insurance agents within their 26 operating states.[3]

History[]

In 1916, Vern V. Moulton and four other associates organized Auto-Owners Insurance Company in Mount Pleasant, Michigan. In 1917, the company moved its headquarters to Lansing, Michigan where the home office has remained.[4]

Auto-Owners began writing insurance in Indiana, its first state outside of Michigan, in 1935. They continued adding states and now offer insurance in 26 states through local, independent insurance agents.[4]

The company has been a member of the Fortune 500 since 2003.[5] In 2020, Auto-Owners Insurance was listed at number 320.[5]

The AM Best Company, a nationally recognized independent insurance rating authority, has rated Auto-Owners A++ (Superior)[6] since 1972.[7]

Financial Industry Reviews[]

Forbes listed Auto-Owners Insurance as one of the best car insurance companies, rating its Customer Happiness as “Excellent”.[8] Business Insider describes Auto-Owners Insurance as one of the best homeowners insurance companies for 2020. They also note that their coverage is only available through an agent and they do not have online quotes available.[9]

Auto-Owners Insurance Group Companies[]

  • Auto-Owners Insurance Company[3]
  • Auto-Owners Life Insurance Company[3]
  • Owners Insurance Company[3]
  • Home-Owners Insurance Company[3]
  • Property-Owners Insurance Company[3]
  • Southern-Owners Insurance Company[3]
  • Atlantic Casualty Insurance Company[10]
  • Concord Group Insurance Companies[11]
  • Capital Insurance Group[12]

References[]

  1. ^ "Corporate Information". Auto-Owners Insurance Company. Retrieved August 30, 2010.
  2. ^ "operating states". Auto-Owners Insurance Company. Retrieved August 30, 2010.
  3. ^ Jump up to: a b c d e f g "Who We Are - Auto-Owners Insurance". www.auto-owners.com. Retrieved February 19, 2021.
  4. ^ Jump up to: a b "History - Auto-Owners Insurance". www.auto-owners.com. Retrieved February 19, 2021.
  5. ^ Jump up to: a b "Auto-Owners Insurance | 2020 Fortune 500". Fortune. Retrieved February 19, 2021.
  6. ^ "Auto-Owners Insurance Company Profile". AM Best. Retrieved February 19, 2021.
  7. ^ Smith, Ryan. "Auto-Owners Insurance gets top marks from AM Best". www.insurancebusinessmag.com. Retrieved February 19, 2021.
  8. ^ Danise, Amy (January 5, 2021). "The Best Car Insurance Companies 2021". Forbes Advisor. Retrieved February 19, 2021.
  9. ^ Lee, Liz Knueven, Ronda. "The best homeowners insurance companies of 2021". Business Insider. Retrieved February 19, 2021.
  10. ^ "Business Moves". Insurance Journal. October 5, 2015. Retrieved February 19, 2021.
  11. ^ "Auto-Owners and Concord General Mutual Insurance Affiliation Approved". Insurance Journal. April 6, 2017. Retrieved February 19, 2021.
  12. ^ Smith, Ryan. "Auto-Owners Insurance snaps up regional insurer". www.insurancebusinessmag.com. Retrieved February 19, 2021.

External links[]

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