At Indiana Farmers Mutual Insurance Company, we believe that listening to the voice of the customer, acting on feedback provided and adhering to our core values of integrity, security, stability, and service will help us achieve our goal of becoming the smart insurance choice and allow us to remain in business for another 139 years.
It’s important that we remain a strong, financially viable company to continue to fulfill our promise to policyholders and become the smart insurance choice. In 2015 we had the privilege of serving our customers who chose to purchase or renew over 155,000 Indiana Farmers policies, and we paid more than $109 million for losses and loss expenses to our customers and on their behalf. Being financially secure and helping our customers go hand-in-hand; therefore, we are pleased to report that written premium grew by approximately 4.9 percent to $202+ million, exceeding that milestone of $200 million which we’ve had in our sights for some time. Our combined ratio was 90.3, which is our lowest annual combined since ... well, ever. And, surplus increased to an all-time high of more than $180 million, which will allow us to continue to pay claims, grow and invest in the future.
Click here to view our entire 2015 Annual Report.