About American Family
We are talking about American mutual company that is well known for offering services in insurance and finance since 1927.
They offer insurance from property, auto, and casualty to commercial level including health, homeowners and life coverage.
The company generated the revenue of $10.2 billion and net income of USD 295 million in the financial year 2018.
When it got started?
The company was started by Herman Wittwer, an insurance salesman on 3rd October 1927 in Madison, Wisconsin as Farmers Mutual Insurance Company.
He started the initial work in the company by offering auto insurance and having the main focus on farmers of the country. The farmers were chosen by evaluating the risk of offering them the service. The company grew up gradually in the market by keeping its policy and product online with the changing needs.
In 1957 they came up with Farmers Mutual on sickness and accident insurance followed by homeowners and farm owners insurance. In 1963, they changed the company name to American Family Mutual Insurance
Company and introduced the commercial insurance business in 1975 thus becoming the fifth-largest mutual auto insurer.
It was in 1996 that company was ranked at 403 among Fortune 500 list followed by becoming the 10th largest property insurer with assets surpassing $8 billion. The business further expanded in Utah, Idaho, and Georgia covering 19 states in the United States.
Recently, the company has completed its merge with Florida based insurance company, The Main Street America Group followed by signing the name right agreement with Milwaukee Brewers in 2019.
What they have as a product to offer?
In the market they settled out their business offering insurance products like auto, personal, whole, universal and term life, home, motorcycle, boat and car insurance with farm and ranch liability insurance on the list.
On the commercial side, they offer the same insurance products for health, life and home as other companies across the country but they are one step ahead by offering reward system named as “Dreamkeep Rewards” that offers rewards by completing online tasks.
Why to go for them?
The company is 10th on the list among largest auto insurance seller in the nation with fewer customer complaints relative to its size than the industry median.
Even the company is considered as best if one is looking at the convenience of bundling policies with a wide selection of insurance products. They also have mobile app My AmFam that provide the required help to manage the claim, pay bills, view policy, find an agent and to download the proof of insurance.
In the end, we can say that the company offers a standard suite of auto insurance coverage with industry-leading service, exceptional claims experience and products following a long-term relationship.