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Auto-Owners Insurance

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18 reviews

About Auto-Owners Insurance

There's more to Auto-Owners Insurance Group than the name implies. In addition to auto coverage, the company provides a range of personal property/casualty and life insurance products to more than 3 million policyholders. Auto-Owners Insurance Group operates through subsidiaries including Auto-Owners Life Insurance, Home-Owners Insurance, and Property-Owners – more... Insurance Company. Its Southern-Owners Insurance subsidiary offers property/casualty insurance in Florida. Auto-Owners Insurance also sells commercial auto, liability, and workers' compensation policies. Established in 1916, the company operates in 26 states nationwide and is represented by more than 6,000 independent agencies.

Geographic Reach

Auto-Owners operates 85 claims, underwriting, and marketing offices in its 26-state service territory. The company's largest markets are Florida and Michigan.

Operations

Auto-Owners' revenues come from insurance premiums, as well as investment income. The company's property/casualty business accounts for about 90% of revenues and 80% of profits, with the remainder coming from premiums and income from the life insurance segment.

Financial Analysis

Auto-Owners reported a 5% increase in net written premiums in 2011 to nearly $5.2 billion, primarily due to growth within the Auto-Owners Insurance, Auto-Owners Life, and Home-Owners Insurance divisions. Total revenues were some $5.7 billion, while net income was reported at $69 million.

Strategy

Auto-Owners is focused on growing its business by establishing strong relationships with independent agents and by diversifying its product offerings. The company has also expanded by adding sales and service facilities in new and existing markets. In 2011 Auto-Owners opened five new branch locations to handle claims in Ashville, North Carolina; Kennesaw, Georgia; Little Rock, Arkansas; Madison, Wisconsin; and Sioux Falls, South Dakota. The Little Rock location also provides underwriting. New construction that year included a backup data center in Traverse City, Michigan, and offices in Broomfield, Colorado, and Columbia, Missouri, to replace existing branches. – less

Auto-Owners Insurance Employer Reviews

Personal Lines Underwriter (Current Employee), West Des Moines, IAFebruary 27, 2015
Life, DI, LTC Policy Service Representative (Former Employee), Lansing MIOctober 30, 2014
Underwriter - Personal Lines (Current Employee), Lima, OHSeptember 27, 2014
Branch Claims Representative (Current Employee), Indianapolis, INAugust 16, 2014
Loss Control Specialist/Commercial Underwriter (Former Employee), Denver, COAugust 1, 2014

Auto-Owners Insurance Salaries

Underwriter
$38,000 per year
Based on 4 employees
$35,000$38,200

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