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Company type | Mutual (main company) |
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Industry | Finance and Insurance |
Founded | July 1, 1916[1] |
Founder | Vern V. Moulton |
Headquarters | |
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) |
Services | Insurance |
Revenue | US $10 billion (2021 Annual Report) |
US $1.3 billion (2021 Annual Report) | |
Total assets | US $32.5 billion (2021 Annual Report) |
Number of employees | 5,394 (2019) |
Divisions | Insurance; mutual funds |
Subsidiaries | See Auto-Owners Insurance Group Companies below. |
Website | www |
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.
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. Here, 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]