 | |
| Type | Mutual |
|---|---|
| Industry | Insurance |
| Founded | 1948 |
| Headquarters | Seattle, Washington, USA |
Area served | Washington Oregon |
Key people | Stan W. McNaughton, President/CEO |
| Products | Personal lines insurance – home, auto, boat, umbrella |
| Revenue | $458.4 million (in 2017) |
Number of employees | 674 |
| Website | www.pemco.com |
PEMCO Insurance is a personal-lines mutual insurance company based in Seattle, Washington that serves only Washington and Oregon residents.
In 1936, Seattle school teacher Robert J. Handy took advantage of the newly legalized “credit union” concept to found Seattle Teachers Credit Union. Handy started the credit union with $5 in capital. Out of that enterprise grew a group of seven different but related companies, including PEMCO Insurance.[ citation needed ]
PEMCO has grown from premiums of $8,500 in 1949 to nearly $500 million in 2021.[ citation needed ]
Today, PEMCO is the Northwest’s largest local personal-lines insurer, providing auto, home, boat and umbrella coverage to the general public.
The current president and CEO of PEMCO Insurance is Stan W. McNaughton. He is the son of Stanley O. McNaughton, who was president from 1970 until his death in 1998.[ citation needed ]
PEMCO serves customers from its Seattle headquarters in the South Lake Union tech district, and from a regional office in Spokane.
PEMCO has earned several service and marketing-campaign awards in recent years, including:
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