Country Financial

Country Financial
Mutual, stock
Industry Insurance and financial services
Founded 1925
Headquarters Bloomington, Illinois, US
Key people
 Kurt Bock, CEO
Products Insurance and investing
Revenue $3.506 billion USD (2016)[1]
Number of employees
 3834
Website www.countryfinancial.com

COUNTRY Financial is a group of US insurance and financial services companies with customers in 39 states. The group of companies offers a range of insurance and financial products and services, including auto, home, life, and commercial insurance, and retirement planning, investment management and trust services.

The COUNTRY Financial group is ranked 657th in the 2017 Fortune 1000 list, which lists American companies by revenue.[2]

The corporate headquarters are in Bloomington, Illinois.

History

The company was founded in 1925 when a group of Illinois Agricultural Association members developed an organization to provide fire and lightning insurance for farmers. [3] In the company's first year of operation, more than 385 Illinois farmers worked part-time, offering insurance services to their friends and neighbors.

Crop insurance became available in 1926, auto insurance in 1927, and life insurance in 1929. Financial services, including retirement planning, estate planning, investment management, and annuities have been available for more than 35 years.

As of 2017, COUNTRY Financial and its alliances serve nearly one million households and businesses in 19 states. The company has more than 3,000 employees and 2,000 financial representatives.[4]

A.M. Best rated COUNTRY Financial Property Casualty Group as A+ (Superior) in Feb. 2015. The group consists of COUNTRY Mutual Insurance Company, Middlesex Mutual Assurance Company, Holyoke Mutual Insurance Company, COUNTRY Casualty Insurance Company, COUNTRY Preferred Insurance Company, and Modern Service Insurance Group.[5] A.M. Best rated COUNTRY Financial Life Group, which includes COUNTRY Life Insurance Company and COUNTRY Investors Life Assurance Company, as A+ (Superior) in Feb. 2015.[6]

In the 2016 J.D. Power Property Claims Satisfaction Study, COUNTRY Financial ranked 3rd among all property insurance companies in the U.S.[7]

Kurt Bock is the current CEO of COUNTRY Financial.

Operating companies

The COUNTRY Financial insurance group consists of 8 operating companies:[8]

  • COUNTRY Mutual Insurance Company
  • Middlesex Mutual Assurance Company
  • Holyoke Mutual Insurance Company in Salem
  • COUNTRY Casualty Insurance Company
  • COUNTRY Preferred Insurance Company
  • Modern Service Insurance Company
  • COUNTRY Life Insurance Company
  • COUNTRY Investors Life Assurance Company

References

  1. ↑ Fortune 1000 (2016)
  2. ↑ "Country Financial". Fortune. Retrieved 2017-02-17.
  3. ↑ "Connection between Illinois Farm Bureau and COUNTRY Financial". www.ilfb.org. Retrieved 2018-02-08.
  4. ↑ "Primary Companies"
  5. ↑ "A.M. Best Revises Outlook to Stable for the COUNTRY Financial Property Casualty Group Members". A.M. Best.
  6. ↑ "A.M. Best Revises Outlook to Stable for the COUNTRY Financial Property Casualty Group Members". A.M. Best.
  7. ↑ Robin (2016-02-10). "2016 US Property Claims Satisfaction Study". J.D. Power. Retrieved 2017-02-17.
  8. ↑ "COUNTRY Financial - About Us". COUNTRY Financial.
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