About Farmers Insurance
Farmers Insurance is a company based in Los Angeles (United States) founded in 1928 was acquired by Saffron Insurance in January 2019.. Farmers Insurance operates in a competitive market with competitors including HUB International, State Farm, AXIS Capital, Manulife and Assurant, among others.
- Headquarter Los Angeles, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Saffron Insurance
(Jan 17, 2019)
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Funding Insights of Farmers Insurance
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2009 | Amount | Grant - Farmers Insurance | Valuation |
investors |
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| May, 2009 | Amount | Grant - Farmers Insurance | Valuation |
investors |
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| Apr, 2009 | Amount | Grant - Farmers Insurance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Farmers Insurance
Farmers Insurance has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include United States Department of Agriculture and Saffron Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Leadership is provided on agriculture, food, and rural development matters.
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Founded Year | Domain | Location | |
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Provider of insurance brokerage services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Farmers Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Farmers Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Farmers Insurance Comparisons
Competitors of Farmers Insurance
Farmers Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HUB International, State Farm, AXIS Capital, Manulife and Assurant, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Insurance and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Diversified insurance services are provided across global markets.
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| domain | founded_year | HQ Location |
Life insurance and diversified asset management services are provided.
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| domain | founded_year | HQ Location |
Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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| domain | founded_year | HQ Location |
Life, health, and financial insurance services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Farmers Insurance
Frequently Asked Questions about Farmers Insurance
When was Farmers Insurance founded?
Farmers Insurance was founded in 1928 and raised its 1st funding round 81 years after it was founded.
Where is Farmers Insurance located?
Farmers Insurance is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
What does Farmers Insurance do?
Farmers Insurance is a life non-life insurance provider. It offers life insurance, auto insurance, home insurance, renters insurance, landlord insurance, business insurance, recreational vehicle insurance pet insurance. Users can request a quote online by providing their basic information. Users can file a claim and view claim status online. Offers users online payment options like debitcredit card for making premium payments. Also provides financial products like mutual funds annuities. In 2022, the company recorded annual revenues of 14.09B and a net loss of 0.31B.
Who are the top competitors of Farmers Insurance?
Farmers Insurance's top competitors include HUB International, AXIS Capital and Unum.
Who are Farmers Insurance's investors?
Farmers Insurance has 2 investors. Key investors include United States Department of Agriculture, and Saffron Insurance.
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