Farmers Group - M&A Summary and Business Overview

InsuranceCompany

Farmers Group M&A Summary

Farmers Group has acquired 4 companies, including 1 in the last 5 years. It has also divested 1 asset.

Farmers Group’s largest acquisition to date was in 2020, when it acquired MetLife Auto & Home for $3.9B. Farmers Group has acquired in 4 different US states. The Company’s most targeted sectors include insurance (100%).

Farmers Group Business Overview

Where is Farmers Group headquartered?

Farmers Group is headquartered in Los Angeles,, California.

How many employees does Farmers Group have?

Farmers Group has 7,935 employees.

What sector is Farmers Group in?

Farmers Group is an insurance company.

When was Farmers Group founded?

Farmers Group was founded in 1928.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Farmers Group, Inc.(DBA Farmers Underwriters Association)

4680 Wilshire Boulevard,
Los Angeles,, California 90010
United States,
(323)932-3200
www.farmers.com

Farmers Group, Inc. offers multiline insurance in the United States. Company provides Auto Insurance,Collectible Auto insurance, Motorcycle insurance, Boat insurance, Travel Trailer insurance, Motor Home insurance.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 1 - - - - 4
vol $2.7B $3.9B $6.7B
Sell (0.0/yr) # 1 - - - - - 1
  5

Most Recent M&A

Company Date Value Type
MetLife Auto & Home 2020-12-11 3.9B USD Divestiture
New York, New York · www.myautohome.metlife.com
Foremost Insurance Co. 2018-02-19 - Divestiture
Caledonia, Michigan · www.foremost.com
21st Century Insurance Group 2009-07-01 1.9B USD Divestiture
Wilmington, Delaware · www.21st.com
Bristol West Holdings, Inc. 2007-07-06 - Add-on Acquisition
Davie,, Florida · www.bristolwest.com
Foremost Insurance Co. 1999-10-20 812M USD Add-on Acquisition
Caledonia, Michigan · www.foremost.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
21st Century Insurance Group 2009-07-01 21st Century Indemnity Insurance Co. 2022-01-03 3
Wilmington, Delaware · www.21st.com Wilmington, Delaware
21st Century Insurance Group 2009-07-01 21st Century Pacific Insurance Co. 2022-01-03 2
Wilmington, Delaware · www.21st.com Wilmington, Delaware
21st Century Insurance Group 2009-07-01 21st Century Auto Insurance Company of New Jersey 2022-01-03 1
Wilmington, Delaware · www.21st.com Wilmington, Delaware

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 4 (100%) 6.7B (100%) 1 (100%) -
Total 4 $6.7B 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 6.7B 1 -
  Michigan 1 812M 1 -
  New York 1 3.9B - -
  Florida 1 - - -
  Delaware 1 1.9B - -
Total 4 $6.7B 1 -

Deal Values

buy # Total
> $1B 2 $5.8B
$100M to $1B 1 $812M
TOTAL $6.7B
Largest MetLife Auto & Home
$3.9B (2020-12-11)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Insurance

Employees

7,935

Established

1928

Subsidiary of

Zurich Insurance

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