Farmers Insurance Group (informally Farmers) is an American insurance company that is a subsidiary of the Swiss company Zurich Insurance Group. Zurich Insurance Group is listed on the stock exchange under the ticker symbol ZURN. Zurich Insurance Group is a holding company that provides insurance products and related services. It operates through the following segments: Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses.
Characteristics | Values |
---|---|
Stock Symbol | ZURN |
Company Name | Zurich Insurance Group AG |
Stock Exchange | SWX Swiss Exchange |
Sector | Insurance |
Headquarters | Zurich, Switzerland |
What You'll Learn
- Farmers Insurance Group is owned by Zurich Insurance Group
- Zurich Insurance Group is listed on the stock exchange as ZURN
- Zurich Insurance Group is a holding company
- Zurich Insurance Group is headquartered in Zurich, Switzerland
- Zurich Insurance Group engages in the provision of insurance products and related services
Farmers Insurance Group is owned by Zurich Insurance Group
Farmers Insurance Group (informally Farmers) is an American insurance company for vehicles, homes, and small businesses, founded in 1928. It also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees.
Zurich Insurance Group operates through several business segments, including General Insurance, Global Life, and Farmers. The Farmers segment includes Farmers Management Services, which provides non-claims-related management services to the Farmers Exchanges. Zurich also owns the Farmers RE business, which includes reinsurance assumed from the Farmers Exchange by the Group. Zurich's Farmers Insurance Group is the third-largest insurance group in the United States.
Farmers Insurance Group, as a subsidiary of Zurich Insurance Group, benefits from the financial stability and global reach of its parent company. This allows Farmers to provide a wide range of insurance products and services to its customers across the United States. Zurich's international presence and diverse business segments enable Farmers to access a broader market and gain expertise in various insurance sectors.
The relationship between Farmers Insurance Group and Zurich Insurance Group demonstrates the strategic advantages of being part of a larger insurance group. It allows Farmers to leverage Zurich's resources and expertise to enhance its market position and better serve its customers.
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Zurich Insurance Group is listed on the stock exchange as ZURN
Farmers Insurance Group (informally Farmers) is an American insurance company for vehicles, homes, and small businesses, founded in 1928. It is a subsidiary of the Swiss company Zurich Insurance Group, which is listed on the stock exchange as ZURN.
Zurich Insurance Group AG is a holding company that provides insurance products and related services. It operates through the following segments: Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses. The Property and Casualty Regions segment provides motor, home, and commercial insurance products and services for individuals, small businesses, commercial enterprises, mid-sized and large corporations, and multinational companies. The Life Regions segment offers life and health insurance products on both an individual and group basis, including annuities, endowment and term insurance, unit-linked and investment-oriented products, as well as full private health, supplemental health, and long-term care insurance. The Farmers segment includes non-claims administrative and management services to the Farmers Exchanges, which are owned by policyholders. The Group Functions and Operations segment comprises the Group's Holding and Financing and Headquarters activities. The Non-Core Businesses segment includes insurance and reinsurance businesses that are mostly managed for a beneficial run-off.
Zurich Insurance Group's shareholders have earned a 12% CAGR over the last five years. The company's stock is listed on multiple exchanges, including the SWX Swiss Exchange (ticker symbol: ZURN) and the London Stock Exchange.
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Zurich Insurance Group is a holding company
Farmers Insurance Group is a subsidiary of the Zurich Insurance Group, a holding company that provides insurance products and related services. Zurich Insurance Group was founded in 1872 as a reinsurance company and is currently headquartered in Zurich, Switzerland. It is the country's largest insurer and ranked 112th in the world's largest public companies according to Forbes' Global 2000s list in 2021.
Zurich Insurance Group operates through the following segments: Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses.
The Property and Casualty Regions segment provides motor, home, and commercial products and services for individuals, as well as small and large businesses on both a local and global basis. The Life Regions segment offers a comprehensive range of life and health insurance products on both an individual and group basis, including annuities, endowment and term insurance, unit-linked and investment-oriented products, as well as full private health, supplemental health, and long-term care insurance.
The Farmers segment includes non-claims administrative and management services to the Farmers Exchanges, which are owned by policyholders. The Group Functions and Operations segment comprises the group's holding and financing activities, as well as headquarters operations. Finally, the Non-Core Businesses segment includes insurance and reinsurance businesses that the group does not consider core operations and are managed for a beneficial run-off.
Zurich Insurance Group has a global reach with customers in 215 countries and territories and operates in five regions: North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific. It has a diverse range of subsidiaries, including Farmers Insurance Group, Zurich North America, Zurich Ireland, and Zurich Klinc.
In summary, Zurich Insurance Group is a holding company that provides insurance products and related services through various segments, serving individuals, small businesses, and large multinational corporations worldwide. With its subsidiaries and global presence, Zurich Insurance Group is a leading insurance provider and an essential part of the financial services industry.
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Zurich Insurance Group is headquartered in Zurich, Switzerland
Farmers Insurance Group (informally Farmers) is an American insurance company for vehicles, homes, and small businesses, founded in 1928. It is a subsidiary of the Swiss company Zurich Insurance Group, which is headquartered in Zurich, Switzerland. Zurich Insurance Group is a holding company that provides insurance products and related services. It was founded in 1872 and has been publicly traded on the stock market since at least 2011. The company operates through several segments, including Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses. The Farmers segment includes non-claims administrative and management services for the Farmers Exchanges, which are owned by policyholders. Zurich Insurance Group has 79 office locations worldwide.
Zurich Insurance Group is a well-known and established company with a global presence. Its Farmers subsidiary, Farmers Insurance Group, is a significant player in the American insurance market, with a range of insurance and financial services products. Farmers Insurance Group has a large network of agents and employees, totalling over 69,000 individuals. As a subsidiary of Zurich Insurance Group, Farmers Insurance Group benefits from the financial stability and expertise of its parent company.
The Farmers Insurance brand falls under the Insurance business sector and has a strong presence in the American market. With its range of insurance offerings, it caters to individuals, small businesses, and large businesses, providing a comprehensive suite of insurance solutions. The brand has a long history, having been established in 1928, and has since grown to become a trusted name in the industry.
Zurich Insurance Group's headquarters in Zurich, Switzerland, serves as a central hub for the company's operations and management. The Group's holding and financing activities are also based at this location. With its headquarters in Switzerland, Zurich Insurance Group benefits from the country's stable economy and business-friendly environment. Switzerland is known for its strong financial sector and favourable regulations, making it an attractive location for companies in the financial industry.
In conclusion, Zurich Insurance Group, headquartered in Zurich, Switzerland, is a leading insurance provider with a global presence. Its subsidiary, Farmers Insurance Group, serves the American market with a range of insurance and financial services products. The company's headquarters play a crucial role in managing its operations and maintaining its position as a trusted insurance provider worldwide.
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Zurich Insurance Group engages in the provision of insurance products and related services
Farmers Insurance Group is a subsidiary of Zurich Insurance Group, a Swiss insurance company headquartered in Zurich, Switzerland. Zurich Insurance Group is a holding company that provides insurance products and related services through various segments, including Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses.
The Property and Casualty Regions segment offers motor, home, and commercial products and services to individuals, small businesses, and large businesses globally. The Life Regions segment provides a comprehensive range of life and health insurance products, such as annuities, endowment and term insurance, unit-linked and investment-oriented products, and full private health insurance. The Farmers segment includes non-claims administrative and management services for the Farmers Exchanges, which are owned by policyholders. The Group Functions and Operations segment covers the company's holding, financing, and headquarters activities. Finally, the Non-Core Businesses segment encompasses insurance and reinsurance businesses that Zurich Insurance Group does not consider core to its operations and are managed for a beneficial run-off.
Zurich Insurance Group has a long history, dating back to its founding in 1872 as a reinsurance company. Over the years, it has expanded internationally, entered new insurance markets, and acquired multiple companies. It currently employs 55,000 people and serves customers in 215 countries and territories, making it a global leader in the insurance industry.
As for its stock symbol, Zurich Insurance Group is listed on the SIX Swiss Exchange under the ticker symbol ZURN. The company's shareholders' equity was reported to be $34.494 billion as of 2012. Zurich Insurance Group is the world's 112th largest public company, according to Forbes' Global 2000s list in 2021.
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Frequently asked questions
Farmers Insurance is a subsidiary of Zurich Insurance Group, which is listed on the Zurich stock exchange with the symbol ZURN.
The ISIN for Farmers Insurance, which is the same as its parent company Zurich Insurance, is CH0011075394.
As Farmers Insurance is a subsidiary of Zurich Insurance Group, its stock price is the same as Zurich Insurance Group's. The current stock price can be found on financial websites using the stock symbol ZURN or ZFSVF for OTC trading.
Farmers Insurance Group is an American insurance company that provides insurance for vehicles, homes, and small businesses, as well as other financial services. It has over 48,000 exclusive and independent agents and approximately 21,000 employees.
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