American Family Insurance (AFI) is a leading insurance company that provides auto, home, life, health, and business insurance to individuals and families. Founded in 1927, the company has grown to become one of the largest mutual property and casualty insurance companies in the United States, serving more than 10 million policyholders in 19 states.
One of the unique features of American Family Insurance is that it operates as a mutual insurance company, which means that policyholders own the company. This structure allows AFI to prioritize the needs of its policyholders rather than shareholders, which is reflected in the company’s customer-centric approach to business.
How Big Is American Family Insurance?
American Family Insurance (AFI) is a large insurance company that operates in 19 states across the United States. As of 2021, the company has more than 10 million policyholders and approximately 13,500 employees. AFI is also ranked as the 338th largest company in the United States by Fortune 500 and had $11.6 billion in revenue in 2020.
The company’s financial strength is reflected in its A (Excellent) rating from A.M. Best, a leading insurance rating agency. Overall, American Family Insurance is a significant player in the insurance industry and a trusted provider of insurance coverage to millions of individuals, families, and businesses across the United States.
Is American Family insurance the same as The General?
No, American Family Insurance (AFI) is not the same as The General insurance company. While both companies provide insurance coverage to individuals, they are separate entities with different ownership structures, policies, and coverage options.
American Family Insurance is a mutual insurance company, which means that policyholders own the company. AFI offers a wide range of insurance products, including auto, home, life, health, and business insurance, and is available in 19 states across the United States.
The General is a subsidiary of American Family Insurance, but it operates independently and offers its own line of insurance products. The General is primarily known for its auto insurance coverage, and it specializes in providing insurance coverage to individuals who may have difficulty getting coverage from traditional insurance companies due to their driving record or other factors.
American Family Insurance and The General are related companies, BUT they are distinct entities that offer different types of insurance coverage and operate independently of each other.
American Family Insurance Services
Let’s take a quick look at some of the services offered by AFI below:
Auto Insurance
American Family Insurance provides a range of coverage options for auto insurance, including liability, collision, comprehensive, and uninsured/underinsured motorist coverage. AFI’s auto insurance policies also offer features like accident forgiveness, roadside assistance, and rental car coverage.
Home Insurance
AFI’s home insurance policies cover everything from damage to the physical structure of a home to personal belongings and liability protection. Policyholders can choose from a range of coverage options, including standard coverage, extra protection, and identity theft protection.
Life Insurance
AFI offers a range of life insurance policies to help protect families and loved ones in the event of an unexpected death. Policy options include term life, whole life, and universal life insurance. AFI’s life insurance policies also offer optional features like accidental death and dismemberment coverage and long-term care coverage.
Health Insurance
AFI provides health insurance policies to individuals and families in select states. Policyholders can choose from a range of coverage options, including individual and family health plans, short-term health insurance, and Medicare supplement plans.
Business Insurance
AFI offers business insurance to protect small business owners from unexpected events like property damage, liability claims, and loss of income. Coverage options include commercial property insurance, liability insurance, and business interruption insurance.
Customer Service
One of the hallmarks of American Family Insurance is its commitment to exceptional customer service. The company’s customer service team is available 24/7 to answer questions, process claims, and provide support to policyholders. AFI also offers a range of online tools and resources to help customers manage their policies and access information about their coverage.
In addition to its commitment to customer service, American Family Insurance is also dedicated to giving back to the communities it serves. The company has a long history of supporting charitable organizations and community initiatives through its American Family Insurance Dreams Foundation.
In Summary
In conclusion, American Family Insurance is a top-rated insurance provider that offers a wide range of coverage options to individuals, families, and businesses. With a commitment to customer service, a focus on policyholder needs, and a dedication to giving back to the community, AFI is a trusted and reliable choice for insurance coverage.
