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Home > Company Index > Financial Services > Services to Financial Companies > Farmers Group, Inc.
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Farmers Group, Inc. |
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PROFILE |
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Don't expect to see combines and tractors in the parking lot of Farmers Group. The subsidiary of Zurich Financial Services provides management and administrative services to the members of the Farmers Insurance Exchange, Truck Insurance Exchange, and Fire Insurance Exchange. Acting as the companies' attorneys-in-fact, Farmers Group chooses risks, distributes policy statements to customers, collects premiums, and provides other services; its management fees are based on a percentage of the exchanges' gross premiums (the average is between 12% and 13%). Farmers Group also sells life insurance products through its Farmers New World Life Insurance, while its Farmers Reinsurance unit reinsures the exchange members.
COMPETITION |
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AXA (AXA)
INSpire Insurance Solutions, Inc. (NSPR)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 3,446.90
1-Yr. Sales Growth: 5.4%
Employees: 7,533
Revenue per employee: $457,573.34
KEY PEOPLE |
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Martin D. Feinstein
CEO
Gerald E. Faulwell
CFO
CONTACT INFO |
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4680 Wilshire Blvd.
Los Angeles, CA 90010
US
Phone: 323-932-3200
Fax: 323-932-3101
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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