Auto-Owners Insurance Company, a multi-line property/casualty and life insurer, is listed at No. 398 on the annual Fortune 500 list of America’s largest corporations, up 27 spots from a year ago. The new ranking makes Auto-Owners the 15th largest Michigan-based business on the Fortune 500 list.
This is the 14th straight year Auto-Owners has appeared in the Fortune 500 list, and its highest ranking ever. The company had $6.517 billion in revenue for 2015.
“Making the Fortune 500 list again – and achieving our highest ranking in the year we celebrate our 100th anniversary – is a significant honor for Auto-Owners and our associates,” said Auto-Owners Insurance Company Chairman and CEO Jeff Harrold. “Being ranked among the top 500 companies in America is an important distinction in which we take pride.Thanks to our outstanding staff and the work of our independent agents, we continue to strive to provide excellent customer service with the goal to be one of the best providers of insurance products and services in the business.”
Auto-Owners has earned some of the industry’s highest rankings for its exceptional financial strength and stability. Auto-Owners’ property and casualty companies are one of only 12 groups to be rated A++ by A.M. Best, a nationally recognized rating agency for insurance companies.
Auto-Owners employs more than 4,400 associates and writes more than 5.1 million property/casualty and life policies annually in 26 states, exclusively through local independent agents. Auto-Owners was founded in 1916 and is headquartered in Lansing, Michigan.