Auto-Owners Insurance

Last updated

Auto-Owners Insurance
Company type Mutual (main company)
IndustryFinance and Insurance
FoundedJuly 1, 1916 [1]
FounderVern V. Moulton
Headquarters
Lansing, Michigan
Number of locations
6,299 agencies
Area served
Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia and Wisconsin [2]
Key people
Jamie Whisnant (CEO)
ServicesInsurance
RevenueUS $10 billion (2021 Annual Report)
US $1.3 billion (2021 Annual Report)
Total assets US $32.5 billion (2021 Annual Report)
Number of employees
5,394 (2019)
Divisions Insurance; mutual funds
Subsidiaries See Auto-Owners Insurance Group Companies below.
Website www.auto-owners.com OOjs UI icon edit-ltr-progressive.svg

Auto-Owners Insurance Group is a mutual insurance company that provides life, home, car and business insurance. Its policies are sold exclusively through local and independent insurance agents within their 26 operating states. [3] It currently sponsors Martin Truex Jr. and Joe Gibbs Racing in the NASCAR Cup Series.

Contents

History

In 1916, Vern V. Moulton and four other associates organized Auto-Owners Insurance Company in Mount Pleasant, Michigan. In 1917, the company moved its headquarters to Lansing, Michigan where the home office has remained. [4]

Auto-Owners began writing insurance in Indiana, its first state outside of Michigan, in 1935. It now offers insurance in 26 states through local, independent insurance agents. [4]

The company has been a member of the Fortune 500 since 2003. [5] In 2020, Auto-Owners Insurance was listed at number 320. [5]

Auto-Owners Insurance Group Companies

References

  1. ↑ "Corporate Information". Auto-Owners Insurance Company. Retrieved August 30, 2010.
  2. ↑ "operating states". Auto-Owners Insurance Company. Retrieved August 30, 2010.
  3. 1 2 3 4 5 6 7 "Who We Are - Auto-Owners Insurance". www.auto-owners.com. Retrieved February 19, 2021.
  4. 1 2 "History - Auto-Owners Insurance". Auto-Owners.com. Retrieved February 19, 2021.
  5. 1 2 "Auto-Owners Insurance | 2020 Fortune 500". Fortune. Retrieved February 19, 2021.
  6. ↑ "Business Moves". Insurance Journal. October 5, 2015. Retrieved February 19, 2021.
  7. ↑ "Auto-Owners and Concord General Mutual Insurance Affiliation Approved". Insurance Journal. April 6, 2017. Retrieved February 19, 2021.
  8. ↑ Smith, Ryan. "Auto-Owners Insurance snaps up regional insurer". www.insurancebusinessmag.com. Retrieved February 19, 2021.
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