American Family Insurance's history started on October 3, 1927, when insurance business person Herman Wittwer opened the entryways of Farmers Mutual Insurance Company in Madison, Wisconsin. At the time, the organization's exclusive item was collision protection and its objective business sector was ranchers. Wittwer trusted ranchers introduced lower dangers than city drivers since they drove less frequently and not in any manner in the winter.
Throughout the years, Farmers Mutual extended its business sector and product offering to meet the changing needs of its clients. In 1963, Farmers Mutual changed its name to American Family Mutual Insurance Company to mirror its more extensive client base.
American Family Insurance is a private common organization that spotlights on property, loss and accident protection, additionally offers business protection, life, well being, and mortgage holders scope, and venture and retirement-arranging items. A Fortune 500 organization, its incomes for 2008 were over $6.7 billion.
Insurance services by AFIC
- car
- home
- life
- business
- farm & ranches
- renters
- condo
- umbrella
- motorcycle
- manufactured home
- flood
- boat
- travel
- atv
- health
- rv
- snowmobile
Subsidiaries
- American Family Mutual Insurance Company (AFMIC)
- American Standard Insurance Company (ASIC)
- American Family Life Insurance Company (AFLIC)
- American Family Brokerage, Inc. (AFBI)
- American Family Insurance Company of Ohio (AFICO; Ohio subsidiary, companion to American Family Mutual Insurance Company)
- American Standard Insurance Company of Ohio (ASICO; Ohio subsidiary; companion to American Standard Insurance Company of Wisconsin)
- American Family Securities, LLC (AFS)
- Amfam.com Inc.(AMFAM)
- PGC Holdings Corporation.
Milestones Achieved by AMIC
1927 Farmers Mutual Automobile Insurance Company was established on Oct. 3 in Madison, Wis.
1938 Both premiums and resources surpassed $1 million.
1957 Farmers Mutual started to offer infection and mischance protection.
1958 Company presented property holders protection and opened American Family Life Insurance Company.
1959 Farmers Mutual entered the PC age with the RAMAC 305.
1961 American Standard started deals.
1962 Company started to offer farmowners protection.
1963 Policyholders gave last endorsement to change the organization's name to American Family Mutual Insurance Company.
1969 American Family Financial Services opened.
1975 Commercial Lines was presented. American Family turned into the fifth-biggest common auto guarantor.
1981 Assets surpass $1 billion. American Family turned into the fourth-biggest common accident protection organization.
1985 American Family Brokerage, Inc. opened.
1986 American Family posted its first $100 million working increase.
1992 Policyholders' surplus surpassed $1 billion.
1994 American Family revealed its calamity trailer. The organization positioned as the eleventh biggest property/setback safety net provider.
1996 American Family initially showed up on the Fortune 500 rundown at number 403.
1997 American Family turned into the tenth biggest property/setback back up plan in the country. Resources surpassed $8 billion.
2001 American Family Securities, LLC presented variable items. Resources for American Family Mutual Insurance Company surpassed $10 billion.
2001 Furthers venture into Utah and Idaho. American Family in 17 states over the U.S.
2002 American Family praised its 75th commemoration.
2003 American Family gave $10,000,000.00 towards development without bounds UW Children's Hospital, to be named American Family Children's Hospital.
2006 Furthers venture into Washington State. American Family in 18 states over the U.S.
2009 Furthers venture into Georgia. American Family in 19 states crosswise over U.S.
2012 American Family Insurance finishes its securing of The General Insurance
2013 American Family Insurance finishes its procurement of Homesite Insurance
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