Farm Bureau Mutual Insurance Company · West Des Moines, IA United States
Company Description
Phone: 515-225-5400
Fax: 515-225-5419
View Farm Bureau Mutual Insurance Company Locations On A US Map
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This link will open in a new window Farm Bureau Mutual Insurance offers property/casualty insurance products, primarily to farmers, ranchers, and agricultural businesses in the Midwest and West. Its lines of coverage include farmowners, homeowners, commercial liability, crop, auto, and disability. Farm Bureau Mutual operates in Arizona, Iowa, Kansas, Minnesota, Nebraska, New Mexico, South Dakota, and Utah. The insurance provider and its sister company, Western Agricultural Insurance, are managed by FBL Financial Group . The company named former Allstate Financial CEO James Hohmann as its CEO after James Noyce retired in 2009 after nearly 25 years in the position. To read the full description, subscribe now.
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Key Farm Bureau Mutual Insurance Company Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $886.9 |
| Employees | 1,800 |
Farm Bureau Mutual Insurance Company Executives
6 executives listed for Farm Bureau Mutual Insurance Company's West Des Moines, IA location.
| Title | Name & Bio | Contact |
| Chairman | Steve Baccus | Network |
| CEO | James Hohmann | Network |
| CFO | James Brannen | Network |
Competition
Competitive Landscape for Farm Bureau Mutual Insurance Company
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Farm Bureau Mutual Insurance Company Competitors
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