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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.
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.
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.
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During that time, the companies' underwriting gains, or profits, averaged $1.4 billion annually and their rate of return was nearly 17%, compared with a market rate of around 10%.
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The health insurer expects adjusted full-year profit of more than $33 per share compared with analyst expectations of $32.93 per share. The company's adjusted profit per share of $8.99 beat LSEG ...
Zurich Insurance Group Ltd. is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. [2] As of 2021, the group is the world's 112th largest public company according to Forbes ' Global 2000s list, [3] and in 2011, it ranked 94th in Interbrand's top 100 brands.