Type Mutual, stock CEO Kurt Bock (1 Feb 2012–) CFO Miles T. Kilcoin Founded 1925 | Key people Kurt Bock, CEO Chief information officer Brad Hildestad Number of employees 2,870 | |
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Industry Insurance and financial services Products Insurance and investing Revenue $3.506 billion USD (2016) Website www.countryfinancial.com Headquarters Bloomington, Illinois, United States Parent organization Illinois Agricultural Association, Endowment Arm Profiles | ||
COUNTRY Financial is a group of US insurance and financial services companies serving customers in 19 states. Its corporate headquarters are in Bloomington, Illinois.
Contents
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. 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.
In more than 90 years of operation, the company grew to serving clients in 19 states and offering products and services in 40 states.
COUNTRY Financial and its alliances serve nearly 1 million households and businesses and insure nearly 1 million vehicles and a half a million homes throughout the United States. The organization currently has more than 3,000 employees and 2,000 financial representatives.
Rankings
COUNTRY Financial has had the lowest auto complaint ratio with the Illinois Department of Insurance for 13 of the last 14 years. COUNTRY Financial ranked 3rd among all property insurance companies in the U.S. in the 2016 J.D. Power Property Claims Satisfaction Study.
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.
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.
COUNTRY Financial is ranked 646th in the 2016 Fortune 1000 list, which lists American companies by revenue.
Operating Companies
The COUNTRY Financial insurance group consists of 8 operating companies: