With $1.48 billion in gross premium written in 2021, AmericanAgTM ranks among the world’s 50 largest reinsurance groups, as rated by A.M. Best.
Our role in the market is diverse, as both a buyer and a seller of reinsurance. Approximately 57 percent of our business comes from our role as a direct reinsurer for the 24 Farm Bureau® property and casualty insurance companies – companies who collectively wrote $16.4 billion in premium in 2020. The Farm Bureau® insurance companies are our owners and clients, and we, in turn, serve them as a reinsurer and an advisor, providing a broad range of services to help them manage their risk.
In addition to providing direct reinsurance to the Farm Bureau® insurance companies, we also participate in U.S. and international reinsurance programs through the broker marketplace. Within the United States, our Broker Assumed portfolio encompasses property, multi-line, crop, and marine business. In the international area, we hold a stable, multi-line portfolio, with a diverse mix of business on six continents.