Farm Bureau Life Insurance of Michigan has been recognized as one of the top performing life insurance companies in the United States.
The Ward Group is the leading provider of benchmarking and best practices studies for the insurance industry in the United States. Their Top 50 rankings are compiled through an analysis of the financial performance and net written premiums of nearly 700 life-health insurance companies across the country.
“Life insurance is a critical tool to protect Michigan families,” said Farm Bureau Insurance of Michigan CEO Don Simon, “It is an honor to be recognized among the best life insurance companies in the United States and a tribute to everyone at Farm Bureau who provides exemplary experiences to our customers.”
This is the 29th time in the 34-year history of the award that Farm Bureau Insurance’s Life Company has been part of this prestigious list. Earlier this year, for the sixth time, Ward Group recognized Farm Bureau Insurance of Michigan with a “superior rating” for Personal Lines Claims customer experience by Ward Group. Farm Bureau earned the award for calendar year 2023, a recognition Farm Bureau also received for 2022, 2021, 2020, 2019, and 2018.
Since 1991, Ward has analyzed the financial performance of nearly 700 life/health insurance companies domiciled in the United States and identifies the top performers. Each Ward 50 company achieved superior performance over the five years analyzed (2019-2023). This year’s awards were announced during a public ceremony on July 11.
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