Farm Bureau Insurance of Michigan has been recognized as being among the top performing insurance companies in the United States.
The Ward Group is the leading provider of benchmarking and best practices studies for the insurance industry in the United States. Their Top 50 rankings are compiled through an analysis of the financial performance and net written premiums of nearly 700 life-health insurance companies across the country.
“It is gratifying, once again, to be recognized as a top performing life insurance company in the country,” said Farm Bureau Insurance CEO Don Simon. “We are honored to receive this award on behalf of everyone at Farm Bureau who works every day to provide exemplary experiences for all of our customers.”
This is the 28th time in the 33-year history of the award that Farm Bureau Insurance’s Life Company has been part of this prestigious list. Earlier this year, for the fourth time, Ward Group recognized Farm Bureau Insurance of Michigan with a “superior rating” for Personal Lines Claims customer experience by Ward Group. Farm Bureau earned the award for calendar year 2022, a recognition Farm Bureau also received in 2021, 2020, and 2018.
Since 1991, Ward has analyzed the financial performance of nearly 700 life/health insurance companies domiciled in the United States and identifies the top performers. Each Ward’s 50 company achieved superior performance over the five years analyzed (2018-2022).This year’s awards were announced during a public ceremony on July 11.
“It’s our great pleasure to…recognize Farm Bureau Life Insurance Company of Michigan for outstanding financial results in the areas of safety, consistency, and performance over the previous five-year period,” said Jeffrey R. Rieder, partner and head of Ward benchmarking.