Who owns farmers insurance group

Farmers Insurance Group, one of the prominent players in the insurance industry, has a rich history and a diverse range of coverage offerings. Understanding its ownership and evolution requires delving into its roots, milestones, and the current landscape of the organization.

In this comprehensive exploration, we will unravel the ownership history of Farmers Insurance Group and provide insights into the factors that have shaped its identity.

Origins and Foundation

Farmers Insurance Group has its origins in the agricultural landscape of California during the early 1920s. John C. Tyler and Thomas E. Leavey, two enterprising individuals, recognized the need for reliable insurance coverage for farmers who faced various risks and uncertainties in their livelihoods. In 1928, they established Farmers Insurance Exchange, focusing on providing affordable and comprehensive insurance solutions to the farming community.

Expansion and Diversification

Over the decades, Farmers Insurance expanded its offerings beyond agricultural coverage, embracing a more diverse portfolio. The company recognized the evolving needs of its customers and began providing insurance solutions for homes, automobiles, businesses, and more. This diversification allowed Farmers to grow its customer base and establish itself as a major player in the insurance industry.

Acquisition by Zurich Financial Services

In 1998, Zurich Financial Services acquired the non-claims operations of Farmers Insurance Group. This strategic move allowed Zurich to strengthen its presence in the United States and enhance its capabilities in providing various insurance services. While Zurich Financial Services took over certain aspects of Farmers’ operations, the core identity of Farmers Insurance Group remained intact.

Acquisition by B.A.T Industries

In 1988, British American Tobacco (B.A.T) Industries acquired Farmers Insurance Group. This acquisition marked a significant turning point in Farmers’ ownership structure. Under B.A.T Industries, Farmers continued to expand its services and reach a broader audience. However, this ownership arrangement was relatively short-lived as the landscape of the insurance industry continued to evolve.

21st Century Ownership Changes

In the early 21st century, Farmers Insurance Group underwent several ownership changes. In 2000, Farmers became a wholly-owned subsidiary of the Zurich Financial Services Group, following the acquisition of the remaining stake by Zurich. This shift in ownership had implications for the company’s global operations and strategic alignment within the Zurich Financial Services Group.

Farmers Exchanges and Reciprocal Ownership

Farmers operates as a reciprocal insurance exchange, a unique ownership structure in the insurance industry. The reciprocal exchange model involves policyholders becoming members of the exchange and collectively sharing the risks and rewards. In the case of Farmers, the reciprocal exchange structure is reflected in various entities such as Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange.

Current Ownership Structure

As of my knowledge cutoff date in January 2022, Farmers Insurance Group is a subsidiary of Zurich Insurance Group. Zurich Insurance Group is a multinational insurance company with a global presence. While Zurich Insurance Group owns Farmers Insurance Group, the reciprocal exchange model ensures that policyholders play an integral role in the ownership and governance of the various Farmers Exchanges.

It’s essential to note that ownership structures in the corporate world can evolve, and changes may have occurred since my last knowledge update in January 2022. To obtain the latest and most accurate information about Farmers Insurance Group’s ownership, it is advisable to refer to the company’s official communications, press releases, or regulatory filings.


Farmers Insurance Group’s journey from its agricultural roots to becoming a diversified insurance provider reflects its commitment to adapting to the changing needs of its customers. The company’s ownership history, marked by acquisitions and strategic shifts, has played a crucial role in shaping its identity and positioning within the broader insurance landscape. As Farmers continues to provide insurance solutions to millions of policyholders, its reciprocal exchange model ensures that the interests of policyholders remain central to its mission and governance.

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