Farm Bureau Financial Services is dedicated to protecting livelihoods and futures and has been recognized for meeting the ongoing obligations to policyholders.
Forbes
Farm Bureau Financial Services has been named in the first-ever, “America’s Best Insurance Companies” ranking by Forbes. More than 16,000 insurance consumers in the United States were surveyed and out of the 4,200 companies considered, we made the list. The survey considers customers’ overall recommendation, their general satisfaction, and five subdimensions, including financial advice, customer service, price/performance ratio, transparency, and damage/benefit ratio.
2022 America's Best Insurance Company Rankings
- #7 Permanent Life
- #9 Term Life
- #12 Renters
- #17 Auto
- #21 Homeowners
Ward's 50
Ward’s 50 qualifying companies are selected for outstanding financial results in the areas of safety, consistency and performance over a five-year period. Farm Bureau Life Insurance Company has been named to the Life-Health Ward’s 50® list 23 times, most recently in 2022. Farm Bureau Property & Casualty Insurance Company has been recognized on the Property-Casualty Ward’s 50® list 8 years in a row, most recently in 2022.
A.M. Best
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 an elite group of insurers recognized by A.M. Best Review for consistently maintaining an A.M. Best Rating of A or higher for more than 75 years, even through extreme weather and challenging economic times.
| Insurer Financial Strength Ratings |
Rating |
Source |
Outlook |
| Farm Bureau Life Insurance Company |
A (Excellent) |
A.M. Best |
Stable |
| Farm Bureau Property & Casualty Company |
A (Excellent) |
A.M. Best |
Stable |
| Western Agricultural Insurance Company |
A (Excellent) |
A.M. Best |
Stable |
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.