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Farmers Insurance Group (informally Farmers) is an American insurer group of vehicles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees.
August 29, 2023 at 11:37 AM. The Farmers Insurance Group logo. Farmers Insurance is laying off 11% of its workforce — or about 2,400 workers — across all lines of its business.
California-based Farmers Insurance said Monday it is laying off 11% of its workforce — or 2,400 employees — in a bid to restructure itself for long-term growth.
The business reported profits of £164million for 2023. At the end of 2023, its total funds under management were £20.2 billion. The business currently underwrites around £2.222 billion in annual general insurance premiums for UK policyholders. [29] The business made a loss of £1.04bn reported at the AGM of 2023. [30]
American Family Insurance was founded on October 3, 1927, [5] when insurance salesman Herman Wittwer opened the doors of Farmers Mutual Insurance Company (not to be confused with the Farmers Insurance Group) in Madison, Wisconsin. At the time, the company's product was auto insurance and its target market was farmers.
Farmers Insurance will stop offering its policies in Florida, which includes home, auto and umbrella, in a change that will affect 100,000 people.
This page was last edited on 29 October 2006, at 03:52 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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