Country Financial (capitalized trademark COUNTRY Financial) is a group of US

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

and financial services companies with customers in 19 states. The group of companies offers a range of insurance and financial products and services, including auto, home, life, farm, commercial insurance, retirement planning, investment management and trust services. The Country Financial group is ranked annually in the

Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine ''Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and for ...

list, which lists American companies by revenue. The corporate headquarters are in Bloomington, Illinois.

History

The company was founded in 1925 when a group of

Illinois Agricultural Association The Illinois Farm Bureau (IFB) is a nonprofit U.S. organization controlled by farmers who join the IFB through one of the 96 county Farm Bureaus in Illinois. The organization's legal name is the Illinois Agricultural Association. The IFB was fo ...

members developed an organization to provide fire and lightning insurance for farmers. In the company's first year of operation, more than 385 Illinois farmers worked part-time, offering insurance services to their friends and neighbors.

Crop insurance Crop insurance is purchased by agricultural producers, and subsidized by the federal government, to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines ...

became available in 1926,

auto insurance Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injur ...

in 1927, and life insurance in 1929. Financial services, including

retirement planning Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement. The goal of retirement planning is to achieve financial independence. The process of retirement planning aims to: *Assess readiness-to-ret ...

estate planning Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life, in the event the person becomes incapacitated and after death. The planning inc ...

, investment management, and annuities have been available for more than 35 years. As of 2021, Country Financial and its alliances serve nearly one million households and businesses in 19 states. The company has more than 3,000 employees and 2,000 financial representatives. A.M. Best rated Country Financial Property Casualty Group as A+ (Superior) in June 2019. A.M. Best rated Country Financial Life Insurance Company and Country Mutual Insurance Company, as A+ (Superior) in July 2021. Jim Jacobs is the current CEO, and Miles Kilcoin is the current

CFO The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

Operating companies

The Country Financial insurance group consists of multiple operating companies: * Country Mutual Insurance Company * Middlesex Mutual Assurance Company * Holyoke Mutual Insurance Company in Salem * Country Casualty Insurance Company * Country Preferred Insurance Company * Country Life Insurance Company * Country Investors Life Assurance Company * Country Trust Bank * Country Capital Management Company

References

External links

* * {{Illinois Corporations Financial services companies established in 1925 Companies based in Bloomington–Normal Financial services companies of the United States Insurance companies based in Illinois Mutual insurance companies of the United States 1925 establishments in Illinois