Auto-Owners Life Insurance Company

Auto Owners Life Insurance

There is even more to Auto-Owners Insurance Group compared to name implies. In addition to car coverage, the company provides a range of individual property/casualty and life insurance items to more than 3 million policyholders. Auto-Owners Insurance Group operates through subsidiaries including Auto-Owners life insurance policies, Home-Owners Insurance, and Property-Owners Insurance Company. Its Southern-Owners Insurance subsidiary offers property/casualty insurance coverage in Florida. Auto-Owners Insurance in addition offers commercial automobile, obligation, and employees' payment guidelines. Established in 1916, the organization runs in 26 states all over the country and is represented by over 6, 000 independent agencies.

Geographic Go

Auto-Owners runs 85 statements, underwriting, and advertising and marketing offices in its 26-state service territory. Their biggest areas are Florida and Michigan.

Businesses

Auto-Owners' revenues result from insurance costs, also financial investment earnings. The business's property/casualty company makes up about 90percent of profits and 80percent of earnings, using rest via premiums and income through the term life insurance portion.

Financial Evaluation

Auto-Owners reported a 5percent increase in internet written premiums in 2011 to nearly $5.2 billion, mainly because development inside the Auto-Owners Insurance, Auto-Owners lifestyle, and Home-Owners Insurance divisions. Complete profits had been many $5.7 billion, while net gain had been reported at $69 million.

Method

Auto-Owners is concentrated on growing its business by setting up powerful relationships with independent agents and also by diversifying its item offerings. The company has additionally expanded by adding sales and service services in brand new and current areas. Last year Auto-Owners launched five brand new part locations to deal with statements in Ashville, vermont; Kennesaw, Georgia; Little Rock, Arkansas; Madison, Wisconsin; and Sioux Falls, Southern Dakota. The Little Rock location additionally provides underwriting. Brand new construction that 12 months included a backup data center in Traverse City, Michigan, and offices in Broomfield, Colorado, and Columbia, Missouri, to displace present limbs. – less



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