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    Auto-Owners Insurance

    From Wikipedia - Reading time: 6 min

    Auto-Owners Insurance
    Company typeMutual (main company)
    IndustryFinance and Insurance
    FoundedJuly 1, 1916[1]
    FounderVern V. Moulton
    Headquarters
    Lansing, Michigan
    Number of locations
    		6,299 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
    		Jamie Whisnant (CEO)
    ServicesInsurance
    RevenueUS $10 billion (2021 Annual Report)
    Net income
    		US $1.3 billion (2021 Annual Report)
    Total assetsUS $32.5 billion (2021 Annual Report)
    Number of employees
    		5,394 (2019)
    DivisionsInsurance; mutual funds
    SubsidiariesSee Auto-Owners Insurance Group Companies below.
    Websitewww.auto-owners.com Edit this at Wikidata

    Auto-Owners Insurance Group is a mutual insurance company that provides life, home, car and business insurance. Their policies are sold exclusively through local and independent insurance agents within their 26 operating states.[3] They currently sponsor Martin Truex Jr. and Joe Gibbs Racing in the NASCAR Cup Series.

    History

    [edit]

    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 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]

    Auto-Owners Insurance Group Companies

    [edit]
    • 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[6]
    • Concord Group Insurance Companies[7]
    • Capital Insurance Group[8]

    References

    [edit]
    1. ^ "Corporate Information". Auto-Owners Insurance Company. Retrieved August 30, 2010.
    2. ^ "operating states". Auto-Owners Insurance Company. Retrieved August 30, 2010.
    3. ^ a b c d e f g "Who We Are - Auto-Owners Insurance". www.auto-owners.com. Retrieved February 19, 2021.
    4. ^ a b "History - Auto-Owners Insurance". Auto-Owners.com. Retrieved February 19, 2021.
    5. ^ a b "Auto-Owners Insurance | 2020 Fortune 500". Fortune. Retrieved February 19, 2021.
    6. ^ "Business Moves". Insurance Journal. October 5, 2015. Retrieved February 19, 2021.
    7. ^ "Auto-Owners and Concord General Mutual Insurance Affiliation Approved". Insurance Journal. April 6, 2017. Retrieved February 19, 2021.
    8. ^ Smith, Ryan. "Auto-Owners Insurance snaps up regional insurer". www.insurancebusinessmag.com. Retrieved February 19, 2021.
    [edit]
    This article is licensed under CC BY-SA 3.0.
    Original source: https://en.wikipedia.org/wiki/Auto-Owners Insurance
    Status: article is cached
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