American Family Insurance - Significant Milestones

Significant Milestones

Below is a list of milestones in the corporate history of American Family Mutual Insurance.

• 1927 Farmers Mutual Automobile Insurance Company was founded on Oct. 3 in Madison, Wis.
• 1938 Both premiums and assets surpassed $1 million.
• 1957 Farmers Mutual began to offer sickness and accident insurance.
• 1958 Company introduced homeowners insurance and opened American Family Life Insurance Company.
• 1959 Farmers Mutual entered the computer age with the RAMAC 305.
• 1961 American Standard began sales.
• 1962 Company began to offer farmowners insurance.
• 1963 Policyholders gave final approval to change the company's name to American Family Mutual Insurance Company.
• 1969 American Family Financial Services opened.
• 1975 Commercial Lines was introduced. American Family became the fifth-largest mutual auto insurer.
• 1981 Assets surpass $1 billion. American Family became the fourth-largest mutual auto insurance company.
• 1985 American Family Brokerage, Inc. opened.
• 1986 American Family posted its first $100 million operating gain.
• 1992 Policyholders' surplus exceeded $1 billion.
• 1994 American Family rolled out its catastrophe trailer. The company ranked as the 11th-largest property/casualty insurer.
• 1996 American Family first appeared on the Fortune 500 list at number 403.
• 1997 American Family became the 10th-largest property/casualty insurer in the nation. Assets surpassed $8 billion.
• 2001 American Family Securities, LLC introduced variable products. Assets for American Family Mutual Insurance Company exceeded $10 billion.
• 2001 Furthers expansion into Utah and Idaho. American Family in 17 states across the U.S.
• 2002 American Family celebrated its 75th anniversary.
• 2003 American Family donated $10,000,000.00 towards construction of the future UW Children's Hospital, to be named American Family Children's Hospital.
• 2006 Furthers expansion into Washington State. American Family in 18 states across the U.S.
• 2009 Furthers expansion into Georgia. American Family in 19 states across U.S.