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Auto-Owners Insurance Company is a trusted insurance provider offering a wide range of personal and business insurance products. With coverage options that may include auto insurance, homeowners insurance, renters insurance, condo insurance, life insurance, business insurance, commercial auto insurance, and umbrella insurance, Auto-Owners helps individuals, families, and businesses protect what matters most.
For customers comparing insurance companies, Auto-Owners Insurance is known for working through independent insurance agents who can help clients find coverage tailored to their needs. Drivers can review car insurance options such as liability, collision, comprehensive, uninsured motorist protection, and optional endorsements, while homeowners and business owners can explore policies designed to protect property, assets, liability, and long-term financial stability.
At Springer Insurance, our agents help clients review Auto-Owners Insurance Company options and choose coverage that fits their needs and budget. Whether you are looking for an auto insurance quote, home insurance policy, life insurance, commercial insurance, business insurance, or bundled insurance options, Springer Insurance can help make the insurance process simple and straightforward.
We've celebrated many milestones throughout our history. By keeping our policyholders' best interest in mind, Auto-Owners Insurance will continue to put lives back together and grow its list of accomplishments.
Vern V. Moulton and four other associates organize Auto-Owners Insurance Company in one room of the Commercial Block Building in the central Michigan city of Mount Pleasant.
Auto-Owners begins writing insurance in Indiana, its first state outside of Michigan.
The Company unveils its new home office in downtown Lansing. The $1.5 million four-story facility provides much-needed space for the 400 associates who had been working in various buildings scattered throughout Lansing.
Auto-Owners celebrates its 100th anniversary in business.
Auto-Owners writes insurance in 26 states and employs more than 4,700 associates.
AM Best Rating: A++, affirmed 2021.
Auto-Owners Insurance Group continues to be recognized for exceptional financial strength and stability among the nation's largest insurers. Comprised of 16 property & casualty companies and one life/health/annuity insurer, the companies had combined assets of $32,480,501,816 at year-end 2021. Net written premiums totaled $9,874,154,474, up by $1.64 billion from the previous year. More than 6.2 million personal and commercial insurance policies were in force at year-end.
Summary of Invested AssetsAuto-Owners remains committed to maintaining a high-quality investment portfolio. A conservative investment philosophy has helped us travel a steady path throughout the years.
Depicted to the right is a breakdown of the invested assets of the Auto-Owners Insurance Group combined as of Dec. 31, 2021. The combination of U.S. government bonds and investment-grade bonds represents 74.24% of invested assets, compared to 69.78% on Dec. 31, 2020. Common stocks were 15.70% of invested assets versus 19.34% on Dec. 31, 2020. Non-investment-grade bonds represent only 0.89% of invested assets, compared to 1.40% on Dec. 31, 2020. Miscellaneous assets includes 1.11% in cash.
