Country Financial (capitalized trademark COUNTRY Financial) is a group of US

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

and

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

companies with customers in 19 states. The group of companies offers a range of insurance and financial products and services, including auto, home, life, farm, commercial insurance, retirement planning, investment management and trust services. The Country Financial group is ranked annually in the

Fortune 1000 {{location map+ , United States , float=right , width=400, relief=1 , caption=''Fortune'' 1000 company headquarters locations. Top 20 companies labeled, places= {{location map~ , United States , lat= 36.365378 , long= -94.217629 , label= Walmart, ...

list, which lists American companies by revenue. The corporate headquarters are in

Bloomington, Illinois Bloomington is a city in McLean County, Illinois, United States, and its county seat. The 2020 United States census, 2020 census showed the city had a population of 78,680, making it the List of municipalities in Illinois, 13th-most populous ci ...

History

The company was founded in 1925 when a group of Illinois Agricultural Association members developed an organization to provide fire and lightning insurance for farmers. In the company's first year of operation, more than 385 Illinois farmers worked part-time, offering insurance services to their friends and neighbors.

Crop insurance Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops Failed acreage, due to natural disasters, such as hail, drought, and floods ("crop-yield ins ...

became available in 1926,

auto insurance Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury ...

in 1927, and

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

in 1929. Financial services, including

retirement planning Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement. The goal of retirement planning is to achieve financial independence. The process of retirement planning aims to: *Assess readiness-to-r ...

estate planning Estate planning is the process of anticipating and arranging for the management and disposal of a person's Estate (law), estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to ...

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

, and

annuities In investment, an annuity is a series of payments made at equal intervals based on a contract with a lump sum of money. Insurance companies are common annuity providers and are used by clients for things like retirement or death benefits. Examples ...

have been available for more than 35 years. As of 2021, Country Financial and its alliances serve nearly one million households and businesses in 19 states. The company has more than 3,000 employees and 2,000 financial representatives. A.M. Best rated Country Financial Property Casualty Group as A+ (Superior) in June 2019. A.M. Best rated Country Financial Life Insurance Company and Country Mutual Insurance Company, as A+ (Superior) in July 2021. Jim Jacobs is the current

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

, and Rob McDade is the current CFO.

Operating companies

The Country Financial insurance group consists of multiple operating companies: * Country Mutual Insurance Company * Country Casualty Insurance Company * Country Preferred Insurance Company * Country Life Insurance Company * Country Investors Life Assurance Company * Country Trust Bank * Country Capital Management Company

References

External links

* * {{Illinois Corporations Financial services companies established in 1925 Companies based in Bloomington–Normal Financial services companies of the United States Insurance companies based in Illinois Mutual insurance companies of the United States 1925 establishments in Illinois