Federated Insurance

The story of Federated Mutual Insurance Company is a classic American tale of community and foresight. It began in 1904, not in a bustling metropolis, but in the heart of Owatonna, Minnesota, where a collective of farmers and business owners decided to take control of their financial security. Faced with a lack of affordable and reliable insurance options, they pooled their resources, each contributing to a shared vision of mutual protection. This humble beginning, rooted in the simple idea of neighbors helping neighbors, laid the foundation for what would become one of the nation's largest mutual insurance companies. Initially known as the Minnesota Implement Mutual Fire Insurance Company, its focus was on providing property coverage to local businesses, a direct response to the needs of its founding members.

As the 20th century unfolded, so did Federated's ambition and scope. The company's journey saw it expand its services beyond property insurance, venturing into liability coverage and becoming one of the first multi-line insurers in the country. This evolution was driven by a deep understanding of the evolving risks and challenges faced by American businesses. Over the decades, Federated continued to grow, adding life insurance, workers' compensation, and estate planning services to its portfolio. While it no longer offers group health insurance, its commitment to providing comprehensive risk management solutions has never wavered. Headquartered still in Owatonna, the company's reach now extends to 49 states and the District of Columbia, a testament to its enduring principles of trust, integrity, and unwavering support for the businesses that form the backbone of the American economy. This journey from a small-town mutual to a national industry leader reflects a steadfast dedication to its policyholders' success.