With $1.079 billion in gross premium written in 2019, AmericanAg 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 60 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 $16.3 billion in premium in 2019. 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.