American Family Insurance (AmFam) is a prominent mutual insurance company headquartered in Madison, Wisconsin. Established in 1927, it ranks among the top 10 property and casualty insurers in the United States, known for its commitment to customer service and community engagement.
๐ข Company Overview
Founded: 1927
Headquarters: Madison, Wisconsin
CEO: Bill Westrate
Employees: Approximately 12,500 nationwide
Fortune 500 Ranking: No. 243
Operating States: 19
Subsidiaries: CONNECT (powered by American Family Insurance), Homesite, Main Street America Insurance
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๐ Financial Highlights (2023)
Revenue: $20 billion
Assets: $42.2 billion
Equity: $10.6 billion
Policies in Force: 14 million
Direct Premium Written: $17.3 billion (18% increase from 2022)
Catastrophe Claims Paid: $3.5 billion
Life Insurance Operating Gain: $150 million
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๐ก๏ธ Products and Services
American Family Insurance offers a comprehensive range of insurance and financial products, including:
Personal Insurance: Auto, home, renters, life, health, pet, travel
Business Insurance: Commercial auto, liability, property, farm & ranch
Specialty Insurance: Motorcycle, boat, RV, snowmobile
Financial Services: Retirement planning, investment products
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๐ Company Values and Culture
American Family Insurance is guided by core values that emphasize:
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Accountability: Commitment to excellence and proactive problem-solving
Caring: Fostering a supportive and collaborative environment
Resilience: Demonstrating agility and strength in the face of challenges
Inclusivity: Embracing diverse ideas and ensuring everyone feels valued
Innovation: Pursuing solutions that create value for customers
Trustworthiness: Operating with integrity in all actions
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๐ Community Engagement
In 2023, American Family Insurance and its employees contributed over $10 million in charitable donations and volunteered more than 95,000 hours. Initiatives like the “Free to Dream” program and the American Family Insurance Dreams Foundation reflect the company’s dedication to supporting communities and fostering opportunities for all.
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For more information about American Family Insurance’s offerings and initiatives, visit their official website: www.amfam.com.
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