Auto-Owners Insurance

Auto-Owners Insurance is a group of insurance companies based in Delta Township, Michigan, just west of Lansing. The Company offers property and casualty insurance, including personal and commercial lines, as well as life insurance. It is the largest property and casualty insurance company headquartered in Michigan with over $16 billion in assets and over $5 billion in written premium. Auto-Owners was founded in 1916 and now has 94 full-service and claims branches nationwide. Subsidiary companies include: Auto-Owners Life Insurance Company, Home-Owners Insurance Company, Owners Insurance Company, Property-Owners Insurance Company and Southern-Owners Insurance Company.
Auto-Owners is a mutual insurance company and operates solely through local independent agencies. More than 6,200 agencies employing more than 37,000 agents nationwide represent Auto-Owners. The Company itself employs over 4,200 associates. The Company is ranked 428th on the Fortune 500 list, which lists companies in the United States by revenue, and it has been on the list for 12 straight years There's more to Auto-Owners Insurance Group than the name implies. In addition to auto coverage, the company provides a range of personal property/casualty and life insurance products to more than 3 million policyholders. Auto-Owners Insurance Group operates through subsidiaries including Auto-Owners Life Insurance, Home-Owners Insurance, and Property-Owners Insurance Company. Its Southern-Owners Insurance subsidiary offers property/casualty insurance in Florida. Auto-Owners Insurance also sells commercial auto, liability, and workers' compensation policies. Established in 1916, the company operates in 26 states nationwide and is represented by more than 6,000 independent agencies. Geographic Reach Auto-Owners operates 85 claims, underwriting, and marketing offices in its 26-state service territory. The company's largest markets are Florida and Michigan. Operations Auto-Owners' revenues come from insurance premiums, as well as investment income. The company's property/casualty business accounts for about 90% of revenues and 80% of profits, with the remainder coming from premiums and income from the life insurance segment. Financial Analysis Auto-Owners reported a 5% increase in net written premiums in 2011 to nearly $5.2 billion, primarily due to growth within the Auto-Owners Insurance, Auto-Owners Life, and Home-Owners Insurance divisions. Total revenues were some $5.7 billion, while net income was reported at $69 million. Strategy Auto-Owners is focused on growing its business by establishing strong relationships with independent agents and by diversifying its product offerings. The company has also expanded by adding sales and service facilities in new and existing markets. In 2011 Auto-Owners opened five new branch locations to handle claims in Ashville, North Carolina; Kennesaw, Georgia; Little Rock, Arkansas; Madison, Wisconsin; and Sioux Falls, South Dakota. The Little Rock location also provides underwriting. New construction that year included a backup data center in Traverse City, Michigan, and offices in Broomfield, Colorado, and Columbia, Missouri, to replace existing branches