BNET Industries
Last Fiscal Year Sales:$22.4M
- Private
- US
Dow Jones Description
On December 31, 2007, Farmers Home Mutual Insurance Company completed its merger with nearby Western National Mutual Insurance Company. Our companies both with over 100 years of experience, a focus on relationships and a shared commitment to the Independent Agency System have been an ideal match since we first affiliated in March 2006. Now, on behalf of the newly-consolidated Western National Insurance Group, it's a pleasure to say to you, "Welcome." The merger brings a number of benefits to our policyholders formerly insured by Farmers Home. For instance, they now enjoy the financial stability of a carrier rated "Excellent" by A.M. Best. Likewise, Western National was just recognized for its third consecutive year as a "Ward's Top 50" company, defining us as one of the top 50 of over 2,700 Property/Casualty companies in the U.S. for our financial safety, consistency and performance. Ultimately, our financial strength means we can pay claims when they're due - and that is, in many respects, the most important part of the promise we give to our policyholders.
President and CEO
Stuart C HendersonNumber of Employees 326
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
News & Analysis
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farmers home mutual insurance co. - All News and Analysis
A.M. Best Withdraws Ratings of Farmers Home Mutual Insurance Company Due to Affiliate Merger
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating FSR of A- Excellent and issuer credit rating ICR of "a-" and assigned a category NR-5 Not Formally Followed to Farmers Home Mutual Insurance Company FHM (Edina, MN).
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Stuart C Henderson | President and CEO |
| Leon Smith | Controller |
| Steve Good | Treasurer |
| Organization | Position | Status |
|---|---|---|
| Farmers Home Mutual Insurance Company | President and CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Farmers Home Mutual Insurance Company | Controller | Current |
| Farmers Home Mutual Insurance Company | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Farmers Home Mutual Insurance Company | Treasurer | Current |
| Farmers Home Mutual Insurance Company | Treasurer | Former |
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