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Federated Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
Weiss Rating: A (excellent)
Type of Insurance Company: Mutual
Name of Parent Company:
Company History: Federated Insurance was founded in 1904 by a group of business people led by equipment dealer Charles I. Buxton. Years later Federated grew to become one of the first insurance agencies to cover property, liability, and health insurance under the leadership of Chairman, John A. Buxton. Jeffrey E. Fetters, the current Chairman, CEO, and President began his leadership at the end of 2012. Federated has nearly 2,300 employees, 568 marketing representatives nationwide and 430 affinity groups that exclusively recommend Federated's programs to their members. Over 70% of the company's total premiums are due to the company's affinity relationships. Federated was named one of the top 50 performing insurance companies in the nation by Ward Group, and is one of two organizations that has had affiliated companies assigned to both the life-health and property-casualty Ward's top 50 group of companies each year since 2001. Federated has a regional office in Phoenix and several service offices throughout the country.
Principle Sales Methods: Career agents nationwide.
Life Annuity Business: Federated Insurance Business Life Insurance, Personal Life Insurance, Disability Income, and Retirement Planning.
Homeowners Business: Federated is the 58th largest property/casualty insurance company in the US based off of total assets and the 11th largest property/casualty mutual insurance company in US based off of total assets.
Health Business: Federated Insurance offers Disability, Group Medical Life, and dental plan coverage to businesses.
Company Financial Status:
Assets & Premiums: Total Assets: $5.5 Billion
National Premium: $1.2 Billion
Lines of Insurance:
Health, Life, Disability, Homeowners
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY