Changes
→top: Correcting the employees figure, and removing deprecated "slogan"
{{Infobox company |
name = American Family Insurance|
logo = [[File:Amfam.svg|American Family Insurance logo|200px]] |
type = [[Mutual organization|Mutual]]|
foundation = {{start date and age|1927}}|
location = [[Madison, Wisconsin]], U.S.|
key_people = [[Jack Salzwedel]] ([[Chairman]], [[Chief Executive Officer|CEO]])<ref>[http://www.biztimes.com/article/20110209/ENEWSLETTERS03/302099974 New CEO named for American Family] {{webarchive |url=https://web.archive.org/web/20141218103348/http://www.biztimes.com/article/20110209/ENEWSLETTERS03/302099974 |date=December 18, 2014 }}</ref> |
industry = [[Insurance]] and [[finance]]|
products = [[Insurance]] ([[Auto insurance|Auto]], [[Home insurance|home]], [[Life insurance|life]], [[Health insurance|health]], [[Business|commercial]])|
revenue = {{profit}}$8.7 billion [[United States dollar|USD]] (2016)<ref name=financials1>[https://www.amfam.com/2016-report] </ref>|
net_income = {{profit}}$325 million [[United States dollar|USD]] (2016)<ref name=financials1>[https://www.amfam.com/2016-report] </ref>|
num_employees = 10,900 <ref>{{cite web |title=AmFam Fast Facts |url=https://newsroom.amfam.com/fast-facts/ |website=American Family Newsroom |publisher=American Family |accessdate=13 September 2018}}</ref>|
homepage = [https://www.amfam.com/ www.amfam.com]
}}
'''American Family Insurance''', also abbreviated as '''AmFam''', is a private [[mutual company]] that focuses on [[property insurance|property]], [[Casualty insurance|casualty]], and [[auto insurance]], and also offers commercial insurance, [[life insurance|life]], [[health insurance|health]], and [[home insurance|homeowners]] coverage as well as [[investment]] and [[retirement]]-planning products. A [[Fortune 500]] company, its revenues were over $8.7 billion in 2016.<ref name=financials1/><ref>[https://www.amfam.com/2016-report 2016 Annual Report]</ref>
It should not be confused with American Family Home Insurance Company, a subsidiary of [[Munich Re]] subsidiary [[American Modern Insurance Group, Inc.]], or [[Aflac|American Family Life Assurance Company of Columbus]].
== History ==
American Family Insurance's history began on October 3, 1927,<ref name=history>[https://www.amfam.com/about Company - About Us - Company History<!-- Bot generated title -->]</ref> when insurance salesman Herman Wittwer opened the doors of Farmers Mutual Insurance Company (not to be confused with the [[Farmers Insurance]] Group) in [[Madison, Wisconsin]]. At the time, the company's only product was auto insurance and its target market was farmers. Wittwer believed farmers presented lower risks than city drivers because they drove less often and not at all in the winter.<ref name="history" />
Over the years, Farmers Mutual expanded its market and product line to meet the changing needs of its customers. In 1963, Farmers Mutual changed its name to American Family Mutual Insurance Company to reflect its broader customer base.
== Subsidiaries ==
Companies of the American Family Insurance Group include:<ref>https://www.amfam.com</ref>
* American Family Mutual Insurance Company (AFMIC)
* American Standard Insurance Company (ASIC)
* American Family Life Insurance Company (AFLIC)<ref>Not to be confused with [[AFLAC]], American Family Life ''Assurance'' company</ref>
* American Family Brokerage, Inc. (AFBI)
* American Family Insurance Company of Ohio (AFICO; Ohio subsidiary, companion to American Family Mutual Insurance Company)
* American Standard Insurance Company of Ohio (ASICO; Ohio subsidiary; companion to American Standard Insurance Company of Wisconsin)
* American Family Securities, LLC (AFS)
* Amfam.com Inc.(AMFAM)<ref>[https://www.amfam.com amfam.com]</ref>
* Homesite Group Incorporated <ref>https://homesite.com/underwriting-companies/index.htm</ref>
* PGC Holdings Corporation (General Insurance Companies "[[The General (insurance)|The General]]®")<ref>
http://nashvillepost.com/news/2012/9/25/permanent_general_bought_for_239m</ref>
* HomeGauge® <ref name=IJ>https://www.insurancejournal.com/news/national/2017/12/15/474431.htm</ref><ref name=JS>https://www.jsonline.com/story/money/business/2017/12/14/american-family-insurance-acquires-software-firm-networked-insights/953108001/</ref>
* [[Networked Insights]]<ref name=IJ/><ref name=JS/>
== Products ==
American Family insurance products include: term, universal, and whole life insurance; personal and business auto insurance,
personal umbrella insurance, home insurance; motorcycle, boat, motor home, snowmobile and car insurance; business liability key policy, and business policy package insurance; farm and ranch liability insurance; travel, trip cancellation, and global medical insurance<ref name=amfamprod>[https://www.amfam.com/insurance Insurance Products]</ref>
The company also offers a reward system for their insureds titled "Dreamkeep Rewards," which provides small to large rewards for completing various online tasks <ref>https://dreamkeep.amfam.com/about-dreamkeep-rewards/</ref>.
== Operating territory ==
The American Family Insurance Group is based in [[Madison, Wisconsin|Madison]], [[Wisconsin]], and as of 2011 had 4 regional corporate headquarters in [[Minnetonka]]/[[Eden Prairie]], [[Minnesota]]; [[Saint Joseph, Missouri|Saint Joseph]], [[Missouri]]; [[Denver]], [[Colorado]]; and [[Columbus ohio|Columbus]], [[Ohio]] among others.
== Significant milestones ==
Below is a list of milestones in the corporate history of American Family Mutual Insurance.
*1927 Farmers Mutual Automobile Insurance Company was founded on Oct. 3 in Madison, Wis.
*1938 Both premiums and assets surpassed $1 million.
*1957 Farmers Mutual began to offer sickness and accident insurance.
*1958 Company introduced homeowners insurance and opened American Family Life Insurance Company.
*1959 Farmers Mutual entered the computer age with the RAMAC 305.
*1961 American Standard began sales.
*1962 Company began to offer farmowners insurance.
*1963 Policyholders gave final approval to change the company's name to American Family Mutual Insurance Company.
*1969 American Family Financial Services opened.
*1975 Commercial Lines was introduced. American Family became the fifth-largest mutual auto insurer.
*1981 Assets surpass $1 billion. American Family became the fourth-largest mutual auto insurance company.
*1985 American Family Brokerage, Inc. opened.
*1986 American Family posted its first $100 million operating gain.
*1992 Policyholders' surplus exceeded $1 billion.
*1994 American Family rolled out its catastrophe trailer. The company ranked as the 11th-largest property/casualty insurer.
*1996 American Family first appeared on the Fortune 500 list at number 403.
*1997 American Family became the 10th-largest property/casualty insurer in the nation. Assets surpassed $8 billion.
*2001 American Family Securities, LLC introduced variable products. Assets for American Family Mutual Insurance Company exceeded $10 billion.
*2001 Furthers expansion into Utah and Idaho. American Family in 17 states across the U.S.
*2002 American Family celebrated its 75th anniversary.
*2003 American Family donated $10,000,000.00 towards construction of the future UW Children's Hospital, to be named American Family Children's Hospital.
*2006 Furthers expansion into Washington State. American Family in 18 states across the U.S.
*2009 Furthers expansion into Georgia. American Family in 19 states across U.S.
*2012 American Family Insurance completes its acquisition of [[The General (insurance)|The General Insurance]]
*2013 American Family Insurance completes its acquisition of Homesite Insurance
*2016 Became the inaugural jersey sponsor of the 2017 [[Major League Soccer|MLS]] expansion team [[Atlanta United FC]] <ref>{{cite web |url=https://www.mlssoccer.com/post/2016/07/12/american-family-insurance-be-atlanta-uniteds-first-jersey-sponsor |title=American Family Insurance to be Atlanta United's first jersey sponsor |accessdate=2017-03-07 }}</ref>
*2017 American Family Insurance completes its acquisition of HomeGuage® and [Networked Insights]<ref name=IJ/><ref name=JS/>
== Awards ==
In 2010, [[National Safety Council]] selected American Family Insurance as a recipient of its Teen Driving Safety Leadership Award. Through its “Teen Safe Driver Program,” the company has provided, a video feedback program (using the [[DriveCam]] system) in which parents can watch the actual driving actions of their teens. The program was validated by scientists at the University of Iowa to produce a 70% reduction in risky driving behavior.<ref>{{cite web | url= http://www.nsc.org/safety_road/TeenDriving/Pages/TeenDrivingSafetyLeadershipAward.aspx|title=
Teen Driving Safety Leadership Award|publisher=[[National Safety Council]]| accessdate=2011-08-06}}</ref> In 2015, American Family was recognized as the most [[LGBT]]-friendly insurance company by [[Out Magazine]] due to their discounts targeted at same-sex couples. {{citation needed|date=September 2018}}
== Charitable contributions ==
=== American Family Children’s Hospital ===
On March 4, 2003, American Family Insurance announced a $10 million gift launching the campaign to create the American Family Children’s Hospital<ref>[http://www.uwhealth.org/page.asp?contentid=10260 American Family Children's Hospital and Pediatric Services, UW Health, University of Wisconsin Hospital, Madison<!-- Bot generated title -->] {{webarchive |url=https://web.archive.org/web/20070906042441/http://www.uwhealth.org/page.asp?contentid=10260 |date=September 6, 2007 }}</ref> at the [[University of Wisconsin Hospital and Clinics]]. From that initial gift, the amount grew by several millions more through employee, agent and additional corporate donations. The hospital opened for business in September 2007.<ref>[http://www.madison.com/wsj/topstories/index.php?ntid=202398 Wisconsin State Journal<!-- Bot generated title -->]</ref><ref>[http://www.supportuw.org/making-a-gift/area-program/amfam-childrens-hospital/ American Family Children's Hospital - UW Foundation<!-- Bot generated title -->]</ref><ref>[http://apps.uwhealth.org/locations/Location.action?locationdetail=&_sourcePage=%2Findex.jsp&locationId=169 American Family Children's Hospital, UW Health, University of Wisconsin Hospital, Madison<!-- Bot generated title -->]</ref>
=== United Way ===
In 2007, and again in 2008, employees donated close to $1 million to [[United Way of America|United Way]].<ref>[https://web.archive.org/web/20071118172309/http://www.uwaydelaware.org/the.display.cfm?VaultID=140&sitelocationid=4&whereami=What%27s%20New&thetrigger= United Way of Delaware County] Retrieved 2007-09-19</ref><ref>United way of the Ozarks Retrieved 2007-09-19{{cite web|url=http://www.uwozarks.com/news_update_45.asp |title=Archived copy |accessdate=2007-09-20 |deadurl=bot: unknown |archiveurl=https://web.archive.org/web/20071118215750/http://www.uwozarks.com/news_update_45.asp |archivedate=2007-11-18 |df= }} </ref>
=== American Family Dreams Foundation ===
The American Family Dreams Foundation distributed nearly $8 million in grants in 2017 to support education, address the disparity gap in Dane County, and improve distribution of fresh food through local food banks.{{cn|date=January 2018}}
== References ==
{{Reflist|2}}
==External links==
*[https://www.amfam.com/ American Family Insurance website]
[[Category:Insurance companies of the United States]]
[[Category:Life insurance companies]]
[[Category:Mutual insurance companies of the United States]]
[[Category:Companies based in Madison, Wisconsin]]
[[Category:American companies established in 1927]]
[[Category:Financial services companies established in 1927]]
name = American Family Insurance|
logo = [[File:Amfam.svg|American Family Insurance logo|200px]] |
type = [[Mutual organization|Mutual]]|
foundation = {{start date and age|1927}}|
location = [[Madison, Wisconsin]], U.S.|
key_people = [[Jack Salzwedel]] ([[Chairman]], [[Chief Executive Officer|CEO]])<ref>[http://www.biztimes.com/article/20110209/ENEWSLETTERS03/302099974 New CEO named for American Family] {{webarchive |url=https://web.archive.org/web/20141218103348/http://www.biztimes.com/article/20110209/ENEWSLETTERS03/302099974 |date=December 18, 2014 }}</ref> |
industry = [[Insurance]] and [[finance]]|
products = [[Insurance]] ([[Auto insurance|Auto]], [[Home insurance|home]], [[Life insurance|life]], [[Health insurance|health]], [[Business|commercial]])|
revenue = {{profit}}$8.7 billion [[United States dollar|USD]] (2016)<ref name=financials1>[https://www.amfam.com/2016-report] </ref>|
net_income = {{profit}}$325 million [[United States dollar|USD]] (2016)<ref name=financials1>[https://www.amfam.com/2016-report] </ref>|
num_employees = 10,900 <ref>{{cite web |title=AmFam Fast Facts |url=https://newsroom.amfam.com/fast-facts/ |website=American Family Newsroom |publisher=American Family |accessdate=13 September 2018}}</ref>|
homepage = [https://www.amfam.com/ www.amfam.com]
}}
'''American Family Insurance''', also abbreviated as '''AmFam''', is a private [[mutual company]] that focuses on [[property insurance|property]], [[Casualty insurance|casualty]], and [[auto insurance]], and also offers commercial insurance, [[life insurance|life]], [[health insurance|health]], and [[home insurance|homeowners]] coverage as well as [[investment]] and [[retirement]]-planning products. A [[Fortune 500]] company, its revenues were over $8.7 billion in 2016.<ref name=financials1/><ref>[https://www.amfam.com/2016-report 2016 Annual Report]</ref>
It should not be confused with American Family Home Insurance Company, a subsidiary of [[Munich Re]] subsidiary [[American Modern Insurance Group, Inc.]], or [[Aflac|American Family Life Assurance Company of Columbus]].
== History ==
American Family Insurance's history began on October 3, 1927,<ref name=history>[https://www.amfam.com/about Company - About Us - Company History<!-- Bot generated title -->]</ref> when insurance salesman Herman Wittwer opened the doors of Farmers Mutual Insurance Company (not to be confused with the [[Farmers Insurance]] Group) in [[Madison, Wisconsin]]. At the time, the company's only product was auto insurance and its target market was farmers. Wittwer believed farmers presented lower risks than city drivers because they drove less often and not at all in the winter.<ref name="history" />
Over the years, Farmers Mutual expanded its market and product line to meet the changing needs of its customers. In 1963, Farmers Mutual changed its name to American Family Mutual Insurance Company to reflect its broader customer base.
== Subsidiaries ==
Companies of the American Family Insurance Group include:<ref>https://www.amfam.com</ref>
* American Family Mutual Insurance Company (AFMIC)
* American Standard Insurance Company (ASIC)
* American Family Life Insurance Company (AFLIC)<ref>Not to be confused with [[AFLAC]], American Family Life ''Assurance'' company</ref>
* American Family Brokerage, Inc. (AFBI)
* American Family Insurance Company of Ohio (AFICO; Ohio subsidiary, companion to American Family Mutual Insurance Company)
* American Standard Insurance Company of Ohio (ASICO; Ohio subsidiary; companion to American Standard Insurance Company of Wisconsin)
* American Family Securities, LLC (AFS)
* Amfam.com Inc.(AMFAM)<ref>[https://www.amfam.com amfam.com]</ref>
* Homesite Group Incorporated <ref>https://homesite.com/underwriting-companies/index.htm</ref>
* PGC Holdings Corporation (General Insurance Companies "[[The General (insurance)|The General]]®")<ref>
http://nashvillepost.com/news/2012/9/25/permanent_general_bought_for_239m</ref>
* HomeGauge® <ref name=IJ>https://www.insurancejournal.com/news/national/2017/12/15/474431.htm</ref><ref name=JS>https://www.jsonline.com/story/money/business/2017/12/14/american-family-insurance-acquires-software-firm-networked-insights/953108001/</ref>
* [[Networked Insights]]<ref name=IJ/><ref name=JS/>
== Products ==
American Family insurance products include: term, universal, and whole life insurance; personal and business auto insurance,
personal umbrella insurance, home insurance; motorcycle, boat, motor home, snowmobile and car insurance; business liability key policy, and business policy package insurance; farm and ranch liability insurance; travel, trip cancellation, and global medical insurance<ref name=amfamprod>[https://www.amfam.com/insurance Insurance Products]</ref>
The company also offers a reward system for their insureds titled "Dreamkeep Rewards," which provides small to large rewards for completing various online tasks <ref>https://dreamkeep.amfam.com/about-dreamkeep-rewards/</ref>.
== Operating territory ==
The American Family Insurance Group is based in [[Madison, Wisconsin|Madison]], [[Wisconsin]], and as of 2011 had 4 regional corporate headquarters in [[Minnetonka]]/[[Eden Prairie]], [[Minnesota]]; [[Saint Joseph, Missouri|Saint Joseph]], [[Missouri]]; [[Denver]], [[Colorado]]; and [[Columbus ohio|Columbus]], [[Ohio]] among others.
== Significant milestones ==
Below is a list of milestones in the corporate history of American Family Mutual Insurance.
*1927 Farmers Mutual Automobile Insurance Company was founded on Oct. 3 in Madison, Wis.
*1938 Both premiums and assets surpassed $1 million.
*1957 Farmers Mutual began to offer sickness and accident insurance.
*1958 Company introduced homeowners insurance and opened American Family Life Insurance Company.
*1959 Farmers Mutual entered the computer age with the RAMAC 305.
*1961 American Standard began sales.
*1962 Company began to offer farmowners insurance.
*1963 Policyholders gave final approval to change the company's name to American Family Mutual Insurance Company.
*1969 American Family Financial Services opened.
*1975 Commercial Lines was introduced. American Family became the fifth-largest mutual auto insurer.
*1981 Assets surpass $1 billion. American Family became the fourth-largest mutual auto insurance company.
*1985 American Family Brokerage, Inc. opened.
*1986 American Family posted its first $100 million operating gain.
*1992 Policyholders' surplus exceeded $1 billion.
*1994 American Family rolled out its catastrophe trailer. The company ranked as the 11th-largest property/casualty insurer.
*1996 American Family first appeared on the Fortune 500 list at number 403.
*1997 American Family became the 10th-largest property/casualty insurer in the nation. Assets surpassed $8 billion.
*2001 American Family Securities, LLC introduced variable products. Assets for American Family Mutual Insurance Company exceeded $10 billion.
*2001 Furthers expansion into Utah and Idaho. American Family in 17 states across the U.S.
*2002 American Family celebrated its 75th anniversary.
*2003 American Family donated $10,000,000.00 towards construction of the future UW Children's Hospital, to be named American Family Children's Hospital.
*2006 Furthers expansion into Washington State. American Family in 18 states across the U.S.
*2009 Furthers expansion into Georgia. American Family in 19 states across U.S.
*2012 American Family Insurance completes its acquisition of [[The General (insurance)|The General Insurance]]
*2013 American Family Insurance completes its acquisition of Homesite Insurance
*2016 Became the inaugural jersey sponsor of the 2017 [[Major League Soccer|MLS]] expansion team [[Atlanta United FC]] <ref>{{cite web |url=https://www.mlssoccer.com/post/2016/07/12/american-family-insurance-be-atlanta-uniteds-first-jersey-sponsor |title=American Family Insurance to be Atlanta United's first jersey sponsor |accessdate=2017-03-07 }}</ref>
*2017 American Family Insurance completes its acquisition of HomeGuage® and [Networked Insights]<ref name=IJ/><ref name=JS/>
== Awards ==
In 2010, [[National Safety Council]] selected American Family Insurance as a recipient of its Teen Driving Safety Leadership Award. Through its “Teen Safe Driver Program,” the company has provided, a video feedback program (using the [[DriveCam]] system) in which parents can watch the actual driving actions of their teens. The program was validated by scientists at the University of Iowa to produce a 70% reduction in risky driving behavior.<ref>{{cite web | url= http://www.nsc.org/safety_road/TeenDriving/Pages/TeenDrivingSafetyLeadershipAward.aspx|title=
Teen Driving Safety Leadership Award|publisher=[[National Safety Council]]| accessdate=2011-08-06}}</ref> In 2015, American Family was recognized as the most [[LGBT]]-friendly insurance company by [[Out Magazine]] due to their discounts targeted at same-sex couples. {{citation needed|date=September 2018}}
== Charitable contributions ==
=== American Family Children’s Hospital ===
On March 4, 2003, American Family Insurance announced a $10 million gift launching the campaign to create the American Family Children’s Hospital<ref>[http://www.uwhealth.org/page.asp?contentid=10260 American Family Children's Hospital and Pediatric Services, UW Health, University of Wisconsin Hospital, Madison<!-- Bot generated title -->] {{webarchive |url=https://web.archive.org/web/20070906042441/http://www.uwhealth.org/page.asp?contentid=10260 |date=September 6, 2007 }}</ref> at the [[University of Wisconsin Hospital and Clinics]]. From that initial gift, the amount grew by several millions more through employee, agent and additional corporate donations. The hospital opened for business in September 2007.<ref>[http://www.madison.com/wsj/topstories/index.php?ntid=202398 Wisconsin State Journal<!-- Bot generated title -->]</ref><ref>[http://www.supportuw.org/making-a-gift/area-program/amfam-childrens-hospital/ American Family Children's Hospital - UW Foundation<!-- Bot generated title -->]</ref><ref>[http://apps.uwhealth.org/locations/Location.action?locationdetail=&_sourcePage=%2Findex.jsp&locationId=169 American Family Children's Hospital, UW Health, University of Wisconsin Hospital, Madison<!-- Bot generated title -->]</ref>
=== United Way ===
In 2007, and again in 2008, employees donated close to $1 million to [[United Way of America|United Way]].<ref>[https://web.archive.org/web/20071118172309/http://www.uwaydelaware.org/the.display.cfm?VaultID=140&sitelocationid=4&whereami=What%27s%20New&thetrigger= United Way of Delaware County] Retrieved 2007-09-19</ref><ref>United way of the Ozarks Retrieved 2007-09-19{{cite web|url=http://www.uwozarks.com/news_update_45.asp |title=Archived copy |accessdate=2007-09-20 |deadurl=bot: unknown |archiveurl=https://web.archive.org/web/20071118215750/http://www.uwozarks.com/news_update_45.asp |archivedate=2007-11-18 |df= }} </ref>
=== American Family Dreams Foundation ===
The American Family Dreams Foundation distributed nearly $8 million in grants in 2017 to support education, address the disparity gap in Dane County, and improve distribution of fresh food through local food banks.{{cn|date=January 2018}}
== References ==
{{Reflist|2}}
==External links==
*[https://www.amfam.com/ American Family Insurance website]
[[Category:Insurance companies of the United States]]
[[Category:Life insurance companies]]
[[Category:Mutual insurance companies of the United States]]
[[Category:Companies based in Madison, Wisconsin]]
[[Category:American companies established in 1927]]
[[Category:Financial services companies established in 1927]]
