Protecting Livelihoods and Futures 

The companies affiliated with the Farm Bureau Financial Services brand are here for you – helping you protect what’s important. Here are the companies that make up the Farm Bureau Financial Services brand:

Farm Bureau Mutual Holding Company includes two property-casualty underwriting companies: Farm Bureau Property and Casualty Insurance Company and Western Agricultural Insurance Company.

Farm Bureau Property ​& Casualty Insurance Company (FBPCIC) – Formerly known as Farm Bureau Mutual Insurance Company, reorganized and renamed in 2010. The company celebrated its 80th anniversary in 2019, and offers auto, home and farm insurance products/services to individuals and small businesses in eight Western and Midwestern states.

Western Agricultural Insurance Company offers property-casualty insurance products and services – including certain specialty products – in select states.

Farm Bureau Life Insurance Company began serving Farm Bureau members in 1945. Originally operating under the name of Iowa Life Insurance Company, the Farm Bureau Life Insurance Company offers a variety of term, whole and universal life insurance products, as well as fixed and variable annuity products.

Financial strength ratings represent the opinions of rating agencies regarding the ability of an insurance company to meet its financial obligations to policyholders and contract holders. Our companies have been rated by A.M. Best Company, Inc. (“A.M. Best”)¹ for more than 50 years and have consistently earned Excellent ratings.

A.M. Best ratings for insurance companies range from “A++” to “S.” A.M. Best indicates that A and A- (Excellent) ratings are assigned to those companies that, in A.M. Best’s opinion, have an excellent ability to meet their ongoing obligations to policyholders. Farm Bureau Property & Casualty Group is among 55 insurers recognized by A.M. Best Review for consistently maintaining an A.M. Best Rating of A or higher for the past 50 years, even through extreme weather and challenging economic times.

¹A.M. Best has 13 active-company insurance company ratings and reflect the current and independent opinion of a company's ability to meet its obligations to policyholders, and are derived by evaluating a company's balance sheet strength, operating performance and business profile. The A.M. Best rating scale is A++ (Superior), A+ (Superior), A (Excellent), A- (Excellent), B++ (Very Good), B+ (Very Good), B (Adequate), B- (Adequate), C++ (Fair), C+ (Fair), C (Marginal), C- (Marginal) and D (Poor). A.M. Best's ratings are not a warranty of an insurer's current or future ability to meet obligations to policyholders, nor are they a recommendation of a specific policy, contract, rate or claim practice.

You trust your insurance company to be there for you when it matters most. We’ve been delivering on this promise for our client/members for more than 75 years. You can see our strong, stable results for yourself through our financial reports.

Select a report for more information about our companies’ assets, liabilities, statement of income and other important financial information.

Farm Bureau Mutual Holding Company
2019 Annual Report
 
FBL Financial Group, Inc.
​2018 Annual Report

For additional detail, view our Statutory Financial Statements.

Farm Bureau Life Insurance Company
2019 (PDF - ​237 pages)

Farm Bureau Property & Casualty Insurance Company
(Formerly Farm Bureau Mutual Insurance Company)
2018 (PDF - 217 pages)

Western Agricultural Insurance Company
2018 (PDF - 188 pages)