Farmers New World

Farmers New World Life Insurance Company (NAIC 63177) is a life and annuity carrier whose public regulatory footprint shows decades of operation and multiple jurisdictional licenses. California's company profile lists an earlier name, New World Life Insurance Company, with an effective date in the 1950s, reflecting the brands and legal entities that often sit behind large consumer-facing insurance groups. [1] Missouri's insurance department listing confirms the NAIC code and provides line-of-business detail for admitted operations. [2]

The company's modern story is closely tied to risk-transfer strategy. In late 2023, transaction materials described a landmark reinsurance arrangement involving Farmers New World Life, Resolution Life, and Swiss Re. [3][4] Swiss Re publicly stated it would reinsure a block of in-force life policies from Farmers New World Life and Resolution Life, illustrating how large, experienced reinsurers are used to manage mortality risk, capital efficiency, and long-duration obligations on mature policy blocks. [4]

These transactions are part of a broader industry pattern: as reserving rules, capital standards, and interest-rate conditions shift, insurers increasingly use reinsurance and block transfers to focus on core distribution strengths while ensuring existing policyholders continue to be serviced. Public announcements describe the counterparties and the nature of the block; more granular treaty terms and ongoing reserving impacts generally live in statutory filings and regulatory approvals. [3][4]

Sources: [1] https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&eid=2808&event=companyProfile; [2] https://insurance.mo.gov/CompanyAgentSearch/CompanySearch/compSearchDetails.php?id=124947; [3] https://www.sidley.com/en/insights/newsupdates/2023/12/resolution-life-and-swiss-re-make-landmark-transaction-with-farmers-new-world-life; [4] https://www.swissre.com/press-release/2023/swiss-re-reinsures-block-of-in-force-life-policies-from-farmers-new-world-life-and-resolution-life.html.