Farm Bureau Financial Services headquarters

Protecting Livelihoods and Futures 

Our Story

At Farm Bureau Financial Services, we’re about more than insurance, more than products, more than the bricks and mortar that make up our buildings. We’re about you – your family, your home, your future.

Our story began in 1939 in Des Moines, Iowa, when the state Farm Bureau founded Iowa Farm Mutual Insurance Company to meet the unique liability insurance needs of farmers. As the company grew, services including auto insurance, home and property insurance, and life insurance were added. Today, our agents build relationships with people from all walks of life to help them protect what matters most and prepare for the future. We’re 1,600 employees and 4,000 field associates strong, and when your life twists and turns, you can depend on your local Farm Bureau agent to be there for you, providing the knowledge and experience to make insurance simple.

General Information

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.


Farm Bureau Financial Services is dedicated to protecting livelihoods and futures and has been recognized for meeting the ongoing obligations to policyholders.

Voted one of America's Best Insurance Companies in 2022 by ForbesForbes

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


Wards 50 logoWard'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

A. M. Best logo
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.

Financial Reports

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 80 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
2021 Annual Report
FBL Financial Group, Inc.
2019 Annual Report

For additional detail, view our Statutory Financial Statements.

Farm Bureau Life Insurance Company
2020 (PDF - 254 pages)

Farm Bureau Property & Casualty Insurance Company
(Formerly Farm Bureau Mutual Insurance Company)
2020 (PDF - 237 pages)

Western Agricultural Insurance Company
2020 (PDF - 154 pages)

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