Federated Mutual

Federated Mutual Insurance Company (NAIC 13935) is a long-running mutual insurer built around niche commercial markets. AM Best's company profile identifies the carrier and its NAIC code, reflecting its standing within the Federated Mutual Group. [1] The firm's own corporate materials describe a national footprint serving customers in 49 states and the District of Columbia, supported by regional and service centers and an expanding library of risk management tools. [2]

Historically, Federated Mutual traces back to early 20th-century efforts by trade groups to reduce insurance costs. Public histories describe its origins in 1904 as the Minnesota Implement Mutual Fire Insurance Company and later name changes as it broadened its business focus. [4] California's regulator profile also preserves legacy naming, listing prior variations such as Mutual Implement and Hardware and related entities. [3]

The modern Federated model emphasizes specialization: underwriting knowledge in targeted industries paired with safety and loss-prevention services, a strategy that can be resilient through economic cycles because it competes on expertise rather than price alone. While the carrier is primarily known for commercial property and casualty insurance, the broader Federated organization has also maintained related benefit offerings over time. [2][4]

Sources: [1] https://ratings.ambest.com/CompanyProfile.aspx?AltNum=1681384&AltSrc=3&BL=0&ambnum=384; [2] https://www.federatedinsurance.com/about-federated; [3] https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&eid=2945&event=companyProfile; [4] https://en.wikipedia.org/wiki/Federated_Mutual_Insurance_Company.