Farm Bureau Insurance Board of Directors establishes Farmowners dividend program | Michigan Farm News

Farm Bureau Insurance Board of Directors establishes Farmowners dividend program

Category: People

by Farm Bureau Insurance

Handing a Check_MFN_2018
Farm Bureau Mutual Insurance of Michigan expects to issue dividends totaling $2.5 million to approximately 14,000 Michigan policyholders.

The Michigan Farm Bureau Board of Directors announced the creation of its new Farmowners Dividend Program—which enables the company to share financial success and recognize qualifying Farmowners policyholders.

“In 2017, our financial results were positive due to favorable business conditions and lower loss results. We’re pleased to have this opportunity to recognize and honor qualifying policyholders when we are able to issue a dividend under this new program,” said Farm Bureau Insurance of Michigan CEO Jim Robinson.

As the largest farmland insurer in Michigan, Farm Bureau Mutual Insurance of Michigan places particular importance on Michigan’s farmers. The farmers who founded Farm Bureau Insurance of Michigan in 1949 instilled the company with their core values of hard work, honesty, and a shared commitment to Michigan. The new dividend program is another example of these core values.

In 2018, based on loss results from 2015 to 2017, Farm Bureau Mutual Insurance of Michigan expects to issue dividends totaling $2.5 million to approximately 14,000 Michigan policyholders. Dividends will be distributed in the form of checks to policyholders over the next few weeks. Performance is monitored every year to determine if dividends will be paid.

For more information, contact Jennifer Miller at 517-679-4725 or [email protected].

Farm Bureau Insurance of Michigan was founded in 1949 by Michigan farmers who wanted an insurance company that worked as hard as they did. Those values still guide the company today and are a big reason why we are known as Michigan’s Insurance Company, dedicated to protecting the farms, families, and businesses of this great state. Farm Bureau Insurance agents across Michigan provide a full range of insurance services—life, home, auto, farm, business, retirement, Lake Estate®, and more—protecting over 500,000 Michigan policyholders. For more information about Farm Bureau Insurance of Michigan: FarmBureauInsurance.com