American Family Insurance

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American Family Insurance
IndustryInsurance and finance
Founded1927; 95 years ago (1927)
HeadquartersMadison, Wisconsin, U.S.
Key people
Jack Salzwedel (Chairman, CEO)[1]
ProductsInsurance (Auto, home, life, health, commercial)
RevenueIncrease$12.2 billion USD (2019)[2][3]
Increase$455 million USD (2019)[3]
Total assetsIncrease$31.1 billion USD (2019)[3]
Number of employees
11,307 [4] (2017)

American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. A Fortune 500 company, its revenues were over $9.5 billion in 2017.[3][4]

It should not be confused with American Family Home Insurance Company, a subsidiary of Munich Re subsidiary American Modern Insurance Group, Inc., or American Family Life Assurance Company of Columbus.


American Family Insurance's history began on October 3, 1927,[5] when insurance salesman Herman Wittwer opened the doors of Farmers Mutual Insurance Company (not to be confused with the Farmers Insurance Group) in Madison, Wisconsin. At the time, the company's only product was auto insurance and its target market was farmers. Wittwer believed farmers presented lower risks than city drivers because they drove less often and not at all in the winter.[5]

Over the years, Farmers Mutual expanded its market and product line to meet the changing needs of its customers. In 1963, Farmers Mutual changed its name to American Family Mutual Insurance Company to reflect its broader customer base.[6]


Companies of the American Family Insurance Group include:[7]

  • American Family Mutual Insurance Company (AFMIC)
  • American Family Brokerage, Inc. (AFBI)
  • American Family Insurance Company of Ohio (AFICO; Ohio subsidiary, companion to American Family Mutual Insurance Company)
  • American Family Life Insurance Company (AFLIC)[a]
  • American Family Securities, LLC (AFS)
  • American Standard Insurance Company (ASIC)
  • American Standard Insurance Company of Ohio (ASICO; Ohio subsidiary; companion to American Standard Insurance Company of Wisconsin)
  • Inc.(AMFAM)[7]
  • CONNECT, powered by American Family Insurance (formerly Ameriprise Auto & Home) [8]
  • HomeGauge® [9][10]
  • Homesite Group Incorporated [11]
  • Main Street America Insurance
  • Moonrise, Inc.[12]
  • Networked Insights[9][10]
  • PGC Holdings Corporation (General Insurance Companies "The General®")[13]


American Family insurance products include: term, universal, and whole life insurance; personal and business auto insurance, personal umbrella insurance, home insurance; motorcycle, boat, motor home, snowmobile and car insurance; business liability key policy, and business policy package insurance; farm and ranch liability insurance; travel, trip cancellation, and global medical insurance[14][15]

The company also offers a reward system for their insureds titled "Dreamkeep Rewards," which provides small to large rewards for completing various online tasks.[16]

Operating territory[edit]

The American Family Insurance Group is based in Madison, Wisconsin, and as of 2011 had 4 regional corporate headquarters in Minnetonka/Eden Prairie, Minnesota; Saint Joseph, Missouri; Denver, Colorado; and Columbus, Ohio among others.

Significant milestones[edit]

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.[6]
  • 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.[6]
  • 1959 Farmers Mutual entered the computer age with the RAMAC 305.
  • 1961 American Standard began sales.
  • 1962 Company began to offer farm owners 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.[6]
  • 1981 Assets surpass $1 billion. American Family became the fourth-largest mutual auto insurance company.
  • 1985 American Family Brokerage, Inc. opened.[6]
  • 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.
  • 2012 American Family Insurance completes its acquisition of The General Insurance
  • 2013 American Family Insurance completes its acquisition of Homesite Insurance
  • 2016 Became the inaugural jersey sponsor of the 2017 MLS expansion team Atlanta United FC[17]
  • 2017 American Family Insurance completes its acquisition of HomeGauge® and Networked Insights[9][10]
  • 2018 American Family completes merger with Florida-based insurance company, Main Street America Insurance[18]
  • 2019 American Family Insurance completes its acquisition of Ameriprise Auto & Home[8][6][19]
  • 2021 American Family Insurance becomes the naming rights sponsor of the stadium of the Milwaukee Brewers, American Family Field.


In 2010, National Safety Council selected American Family Insurance as a recipient of its Teen Driving Safety Leadership Award. Through its “Teen Safe Driver Program,” the company has provided, a video feedback program (using the DriveCam system) in which parents can watch the actual driving actions of their teens. The program was validated by scientists at the University of Iowa to produce a 70% reduction in risky driving behavior.[20] In 2015, American Family was recognized as the most LGBT-friendly insurance company by Out Magazine because of its discounts targeted at same-sex couples.[6]


American Family Insurance has a unique ambassador program to inspire and encourage people to pursue their dreams. Notable ambassadors include:

  • Kevin Durant an American professional basketball player for the Brooklyn Nets of the National Basketball Association.[21]
  • Brad Guzan an American soccer player who plays as a goalkeeper for Major League Soccer club Atlanta United FC (where the company serves as its main sponsor) and the United States national team.[22]
  • Kathy Ireland an American model and actress turned author and entrepreneur. (Former Ambassador)[23]
  • Derek Jeter an American former professional baseball shortstop, businessman, and baseball executive.[22][23]
  • John Legend an American singer, songwriter, producer, actor, and philanthropist. (Former Ambassador)[24]
  • Steve Stricker is an American professional golfer who plays on the PGA Tour and the PGA Tour Champions. (Former Ambassador)[23]
  • J. J. Watt an American football defensive end for the Houston Texans of the National Football League.[22][21][23]
  • Christian Yelich is an American professional baseball outfielder for the Milwaukee Brewers of Major League Baseball (MLB). (Former Ambassador)[25][23]

Charitable contributions[edit]

American Family Children’s Hospital[edit]

On March 4, 2003, American Family Insurance announced a $10 million gift launching the campaign to create the American Family Children's Hospital[26] at the University of Wisconsin Hospital and Clinics. From that initial gift, the amount grew by several millions more through employee, agent and additional corporate donations. The hospital opened for business in September 2007.[27][28][29]

United Way[edit]

In 2007, and again in 2008, employees donated close to $1 million to United Way.[30][31]

Covid-19 pandemic support[edit]

In April 2020, the company estimates the refunds to reflect $225 million in liquidity, contributing to the $200 million gain on personal insurance holders' premiums. American Family Insurance provides an additional COVID-19 pandemic mitigation premium of 10% on car policies.[32]


  1. ^ Not to be confused with AFLAC, American Family Life Assurance company
  1. ^ "New CEO named for American Family". Archived from the original on December 18, 2014.
  2. ^ "American Family Insurance: 2018 annual report". Retrieved March 21, 2019.
  3. ^ a b c d "Annual Report".
  4. ^ a b "American Family Insurance Group". Fortune. Retrieved December 1, 2018.
  5. ^ a b "About Us | American Family Insurance".
  6. ^ a b c d e f g Dare to Dream: The Remarkable Story of American Family Insurance. 2017. ISBN 9780692852460. Retrieved March 13, 2020.
  7. ^ a b "American Family Insurance Quotes for Auto, Home, Life and More".
  8. ^ a b "American Family closes purchase of Ameriprise Auto & Home". American Family closes purchase of Ameriprise Auto & Home. Retrieved December 6, 2019.
  9. ^ a b c "American Family Insurance Acquires Data Analytics Firm; Also Home Tech Firm". Insurance Journal. December 15, 2017. Retrieved March 21, 2019.
  10. ^ a b c "American Family Insurance acquires software firm Networked Insights". Milwaukee Journal Sentinel. Retrieved March 21, 2019.
  11. ^ "Member Companies - Homsite Insurance". Retrieved March 21, 2019.
  12. ^ "Moonrise - Our Story". Moonrise. Retrieved July 8, 2019.
  13. ^ "Permanent General being bought for $239M". Nashville Post.
  14. ^ "Shop Car Insurance & More | American Family Insurance".
  15. ^ "Types of American Family Health Insurance Plans". Withdrawal. Retrieved June 22, 2021.
  16. ^ "DreamKeep Rewards". DreamKeep Rewards.
  17. ^ "American Family Insurance to be Atlanta United's first jersey sponsor". July 12, 2016. Retrieved March 7, 2017.
  18. ^ "Vote approves American Family Insurance merger with Florida insurer on Oct. 31". Wisconsin State Journal. October 26, 2018. Retrieved March 13, 2020.
  19. ^ "American Family Insurance Closes Acquisition of Wisconsin's Ameriprise Auto & Home". Insurance Journal. October 1, 2019. Retrieved March 13, 2020.
  20. ^ "Teen Driving Safety Leadership Award". National Safety Council. Retrieved August 6, 2011.
  21. ^ a b "American Family Insurance Brand Ambassadors Kevin Durant And J.J. Watt Star In New Ads Promoting The Company's "Insure Carefully, Dream Fearlessly" Promise". Cisson PR Newswire. Retrieved March 13, 2020.
  22. ^ a b c "Ambassadors we believe in". AmFam.Com. Retrieved March 13, 2020.
  23. ^ a b c d e "Yelich joins American Family as brand ambassador". NBC15.COM. Retrieved August 19, 2016.
  24. ^ "American Family Insurance Signs Singer-Songwriter Legend as Brand Ambassador". Insurance Journal. August 19, 2016. Retrieved March 13, 2020.
  25. ^ "Christian Yelich was named a brand sponsor for American Family Insurance". Milwaukee Business Journal. Retrieved March 13, 2020.
  26. ^ "American Family Children's Hospital and Pediatric Services, UW Health, University of Wisconsin Hospital, Madison". Archived from the original on September 6, 2007.
  27. ^ "Wisconsin State Journal".
  28. ^ "American Family Children's Hospital". University of Wisconsin Foundation. February 20, 2011.
  29. ^ "American Family Children's Hospital, UW Health, University of Wisconsin Hospital, Madison". Archived from the original on September 6, 2007. Retrieved September 20, 2007.
  30. ^ "United Way of Delaware County". Archived from the original on November 18, 2007. Retrieved September 19, 2007.
  31. ^ "Home". Archived from the original on November 18, 2007. Retrieved September 20, 2007.CS1 maint: bot: original URL status unknown (link)
  32. ^ "American Family Insurance giving 10% credits on auto policies in additional COVID-19 pandemic relief". Wisconsin State Journal. May 23, 2020. Retrieved June 16, 2020.

External links[edit]