# Farmers Insurance Group Farmers Insurance Group is an Insurance based in Woodland Hills, United States. ## Overview - **Organization type:** Insurance - **Headquarters:** Woodland Hills, United States - **Region:** North America - **Address:** 6301 Owensmouth Avenue, Woodland Hills, CA, United States - **Founded:** 1928 - **Assets under management:** Undisclosed - **Website:** farmers.com - **LinkedIn:** https://www.linkedin.com/company/farmersinsurance-group - **Wikidata:** Q1396863 ## Regulatory record - **Reports private funds:** No ## About Farmers Insurance Group was founded in 1928 by John C. Tyler and Thomas E. Leavey as a reciprocal insurer, where policyholders insure each other and elect the board of governors. The entity operating the exchanges and managing the capital is Farmers Group, Inc., which Zurich Insurance Group acquired as a subsidiary in 1998. Raul Vargas has served as CEO since early 2023, succeeding Jeff Dailey, and leads the management company from the Woodland Hills, California headquarters. The enterprise in its current form also absorbed the former 21st Century Insurance Company and MetLife's property and casualty business in a $3.94 billion acquisition that closed in 2021. The general account investment strategy follows a classic property-and-casualty liability matching framework — anchored in a portfolio of investment-grade corporate and government bonds designed to defease claims reserves. Farmers also maintains an allocation to commercial real estate directly, evidenced by its portfolio of owned and occupied regional office locations in Austin, Phoenix, Bellevue, and Oklahoma City, alongside its landmark headquarters campus on Owensmouth Avenue. The income-oriented asset mix is supplemented by allocations to private credit and absolute-return strategies, providing incremental yield over public investment-grade benchmarks. Ken Chilton manages the retirement investment mandates within that broader pool. Farmers operates a network of regional offices across Texas, Washington, Oklahoma, and Arizona, alongside its core Los Angeles County campus. The firm maintains its art collection as a corporate asset and is an active member of industry associations including the Insurance Industry Charitable Foundation and the California Earthquake Authority. Through its Farmers Community Grant Program and the Farmers Family Fund, the organization directs charitable giving toward disaster resilience, education, and community development in the states where its agents and employees live. The structural differentiator is its reciprocal-exchange architecture — policyholders technically constitute the ownership body, while the management company sits inside the Zurich Insurance umbrella. This creates an investment mandate that is purely liability-driven and regulation-bound, with no traditional wealth-owner seeking liquidity or intergenerational transfer. The 2021 MetLife acquisition transformed its surplus base and geographic reach, consolidating a broader book of mass-affluent P&C business into a single balance sheet managed under Zurich's regulatory and credit-rating framework. ## Sectors - Insurance - Real Estate - Private Credit - Hedge Funds ## Offices - Austin, TX - Bellevue, WA - Oklahoma City, OK - Olathe, KS - Phoenix, AZ ## People - Raul Vargas — CEO - John C. Tyler — Co-founder - Thomas E. Leavey — Co-founder ## Questions ### Who runs investment decisions at Farmers Insurance Group? Farmers does not operate a standalone investment team. Portfolio management runs through Zurich Insurance Group's group-level asset management, which manages general account assets across the parent's global P&C operations. Local US treasury functions coordinate with Zurich's global treasury to align asset duration with the underwriting liability profile. ### How is Farmers Insurance Group related to Zurich Insurance Group? Zurich Insurance Group is the ultimate parent company of Farmers Group, Inc., the entity that manages the Farmers Exchanges. Zurich acquired full control of Farmers Group during a series of transactions culminating in the late 1990s. Farmers represents the largest source of P&C operating profit for Zurich in North America. ### What investment asset classes does Farmers focus on? The general account concentrates on investment-grade fixed income — primarily US corporate bonds, mortgage-backed securities, and US Treasury obligations — alongside commercial mortgage loans and infrastructure debt. The portfolio is structured around regulatory capital efficiency and claims-reserve matching rather than absolute return maximization. ### Does Farmers Insurance Group invest in private equity or venture capital? Farmers' general account does not allocate materially to private equity or venture capital. The portfolio follows the conservative liquidity and capital-preservation parameters typical of a regulated P&C insurance balance sheet, favoring public fixed income and private credit instruments with predictable cash flows. ### Where does Farmers own real estate? Farmers holds commercial real estate primarily through its operational footprint: the headquarters campus at 6301 Owensmouth Avenue in Woodland Hills, California, the University of Farmers training facility in Agoura Hills, and regional office buildings in Austin, Bellevue, Oklahoma City, Olathe, and Phoenix. These properties are held for corporate use rather than as an investment portfolio. ## Related profiles - [Farm Street Partners](https://altss.com/profile/farm-street-partners) - [Farmers Insurance Group](https://altss.com/profile/farmers-insurance-group-of-companies) --- Last updated: 2026-07-06T00:33:22.784Z Canonical page: https://altss.com/profile/farmers-insurance-group Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology