Federated Mutual Insurance Company (“Federated”) is a direct writer of property and casualty insurance products headquartered in Owatonna, Minnesota. The Company has approximately 2,400 employees and operates in 48 states and the District of Columbia, with a regional office in Phoenix, Arizona, and several service offices located throughout the country. Federated has an A. M. Best rating of “A+ (Superior).”
During the 1890s, the retail implement dealers in Minnesota formed an association, which proved to be very successful. In 1904, these dealers decided to try to reduce their insurance costs by organizing their own insurance company.
Initially, the Company was known as the Minnesota Implement Mutual Fire Insurance Company, and retained this name for many years. They would later become the Mutual Implement and Hardware Insurance Company, then Federated Mutual Implement and Hardware Insurance Company and, finally, Federated Mutual Insurance Company (“Federated Mutual”).
On January 1, 1948, Federated Mutual entered the casualty insurance field, and was one of the first major insurance companies to write both fire and casualty insurance. In November 1949, accident and health coverage was added, with group accident and health insurance being written for various trade associations and employer groups. Federated Life Insurance Company (“Federated Life”) was organized in January 1959.
121 E Park Square, Owatonna,
MN 55060, USA