Finn Jensen - Farmers Insurance Agent in Alpine, UT (2024)

FAQs

How much do top farmers insurance agents make? ›

Zurich Insurance Group

Zürich Versicheru... AG

California

Farmers Insurance Group / Headquarters

Farmers is proud to serve more than 10 million households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 21,000 employees.

Gideon du Plessis failed in the 10th standard and never went to college. He is today the highest earning insurance agent in the world, with annual commissions amounting to Rs 7 crore (Rs 70 million) plus.

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

Farmers Insurance's average auto insurance rate for full coverage is $3,169 per year, which puts it above the national annual average of $2,008. Farmers is more expensive than most companies because its insurance agents get commission, and insurance costs are rising as well.

Raul Vargas | Chief Executive Officer

(Farmers). Raul has more than two decades of international leadership experience across Latin America and Europe.

The California-based home, small business and auto insurance company said that amounts to roughly 2,400 employees across all lines of business. In a statement, Farmers said the layoffs were part of a group of initiatives meant to keep the company profitable in the long-term.

Who is the owner of Farmers? ›

Ownership. Farmers is privately owned by the James Pascoe Group, in turn owned by Anne Norman and family. James Pascoe Ltd and Fisher & Paykel Finance bought Farmers on 6 November 2003 from Foodlands Associates for NZ$311 million.

Mr. Vargas was appointed CEO of Farmers Group, Inc. and became a member of the Executive Committee in January 2023. In his extensive career with the Zurich Insurance Group, he served most recently as President of Distribution, Life and Financial services for Farmers Group, Inc.

Foremost is a subsidiary of Farmers Insurance, the second largest home insurance provider in California.

Progressive is owned by its shareholders, as it is a publicly-traded company. The biggest shareholders are The Vanguard Group, BlackRock Fund Advisors, and Wellington Management, which have a combined ownership stake of almost 20%, according to public records, as of Q1 2021.

About Farmers Insurance

Farmers Insurance Exchange®, the largest of the three primary insurers that make up Farmers Insurance, is recognized as one of the largest U.S. companies on the 2023 Fortune 500 list.