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Corporation
FINANCIAL | Insurance
farmers.com

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Investments

6

Portfolio Exits

1

Partners & Customers

10

About Farmers Insurance Group

Farmers Insurance and Farmers are tradenames for a group of affiliated insurers providing insurance for automobiles, homes and small businesses and a wide range of other insurance and financial services and products.

Farmers Insurance Group Headquarter Location

6301 Owensmouth Ave

Woodland Hills, California, 91367,

United States

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Expert Collections containing Farmers Insurance Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Farmers Insurance Group in 1 Expert Collection, including InsurTech.

I

InsurTech

26 items

2020 Top 25 US P&C Insurers based on Gross Written Premiums in 2019, per NAIC

Farmers Insurance Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Farmers Insurance Group Rank

Latest Farmers Insurance Group News

AM Best Withdraws Credit Ratings of Certain Members of Farmers Insurance Group

Jan 14, 2022

01/14/2022 | 10:24am EST Message : *Required fields AM Best has withdrawn the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of 21st Century Indemnity Insurance Company (Harrisburg, PA), 21st Century Pacific Insurance Company (Denver, CO) and 21st Century Auto Insurance Company of New Jersey (West Trenton, NJ), which were previous members of Farmers Insurance Group. AM Best has withdrawn these Credit Ratings (ratings) as the companies are not currently risk-bearing entities, nor are they currently part of any reinsurance or pooling agreement that would warrant rating support from another entity. AM Best currently does not conduct ratings on non-risk-bearing entities. If these entities were to become risk-bearing entities again, they would be eligible to participate in AM Best’s interactive rating process. These companies were acquired by Everspan Insurance Company, which is a member of the Everspan Group and currently holds an FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent), on Jan. 1, 2022, as clean dormant shells. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings . For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments . AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com . Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20220114005332/en/ © Business Wire 2022

Farmers Insurance Group Investments

6 Investments

Farmers Insurance Group has made 6 investments. Their latest investment was in Jetty as part of their Series C on September 9, 2021.

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Farmers Insurance Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/7/2021

Series C

Jetty

$23M

No

2

1/27/2021

Corporate Minority

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10

3/3/2020

Series B

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$99M

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10

11/20/2018

Series A - II

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10

2/20/2001

Unattributed VC - II

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$99M

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0

Date

9/7/2021

1/27/2021

3/3/2020

11/20/2018

2/20/2001

Round

Series C

Corporate Minority

Series B

Series A - II

Unattributed VC - II

Company

Jetty

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Amount

$23M

$99M

$99M

New?

No

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Co-Investors

Sources

2

10

10

10

0

Farmers Insurance Group Portfolio Exits

1 Portfolio Exit

Farmers Insurance Group has 1 portfolio exit. Their latest portfolio exit was Derivion on June 21, 2001.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/21/2001

Acquired

Date

6/21/2001

Exit

Acquired

Companies

Valuation

Acquirer

Sources

Farmers Insurance Group Acquisitions

1 Acquisition

Farmers Insurance Group acquired 1 company. Their latest acquisition was MetLife - Auto & Home on December 11, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/11/2020

$99M

Acquired Unit

6

Date

12/11/2020

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired Unit

Sources

6

Farmers Insurance Group Partners & Customers

10 Partners and customers

Farmers Insurance Group has 10 strategic partners and customers. Farmers Insurance Group recently partnered with Zesty.ai on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/14/2021

Licensor

Zesty.ai

United States

1

4/1/2021

Partner

SimpliSafe

United States

Farmers Insurance Partners with SimpliSafe to Provide Home Security Systems

Farmers Insurance has undertaken a pilot in partnership with SimpliSafe , maker of award-winning home security systems to help make preventative smart home protection available to homeowners in Ohio , Iowa and Alabama .

1

6/24/2020

Client

Jetty

United States

Insurtech Jetty is switching reinsurers to Farmers, just months after its previous partner briefly paused the startup's ability to write new policies

The partnership with Jetty is through Toggle , a Farmers Insurance Group company launched in 2018 that offers affordable renters coverage aimed at millennial customers .

1

6/24/2020

Partner

Jetty

United States

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10

5/1/2019

Vendor

Talespin

United States

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10

Date

6/14/2021

4/1/2021

6/24/2020

6/24/2020

5/1/2019

Type

Licensor

Partner

Client

Partner

Vendor

Business Partner

Zesty.ai

SimpliSafe

Jetty

Jetty

Talespin

Country

United States

United States

United States

United States

United States

News Snippet

Farmers Insurance Partners with SimpliSafe to Provide Home Security Systems

Farmers Insurance has undertaken a pilot in partnership with SimpliSafe , maker of award-winning home security systems to help make preventative smart home protection available to homeowners in Ohio , Iowa and Alabama .

Insurtech Jetty is switching reinsurers to Farmers, just months after its previous partner briefly paused the startup's ability to write new policies

The partnership with Jetty is through Toggle , a Farmers Insurance Group company launched in 2018 that offers affordable renters coverage aimed at millennial customers .

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Sources

1

1

1

10

10

Farmers Insurance Group Team

20 Team Members

Farmers Insurance Group has 20 team members, including current Chief Executive Officer, President, Jeff Dailey.

Name

Work History

Title

Status

Jeff Dailey

Chief Executive Officer, President

Current

Keith Daly

President

Current

Danny Davison

President

Current

Adam Holcombe

USAA, Lumen, Boeing, and U.S. Army

Senior Director

Current

Arthur Kouredjian

Owner

Current

Name

Jeff Dailey

Keith Daly

Danny Davison

Adam Holcombe

Arthur Kouredjian

Work History

USAA, Lumen, Boeing, and U.S. Army

Title

Chief Executive Officer, President

President

President

Senior Director

Owner

Status

Current

Current

Current

Current

Current

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