Texas Farm Bureau Insurance Companies

What Texas Farm Bureau Insurance Companies does

Texas Farm Bureau Insurance Companies is a mutual insurance group domiciled in Texas and headquartered at 7420 Fish Pond Road, Waco, operating since 1952 under the affiliation of the Texas Farm Bureau, an agricultural membership organization. The group writes personal and commercial insurance through multiple affiliated entities — Texas Farm Bureau Mutual Insurance Company (the primary operating company), Texas Farm Bureau Casualty Insurance Company, Farm Bureau County Mutual Insurance Company of Texas, Texas Farm Bureau Underwriters, Texas Farm Bureau Premium Finance Company, and Southern Farm Bureau Life Insurance Company — enabling it to underwrite across multiple insurance classes under a single brand.

The company offers five core product lines: auto insurance (including liability, collision, comprehensive, uninsured motorist, PIP, and roadside assistance coverages), home insurance (homeowner, tenant/renter, and landlord/dwelling plans), farm and ranch insurance under the Texas AgAdvantage policy (covering barns, outbuildings, inland marine, animal collision, and employer's liability), commercial insurance (commercial property, general liability, and package policies for small businesses), and life insurance (term, whole, juvenile, IRA, long-term care, and annuities). Underlying technology includes an in-house policy management and claims processing platform, a telematics mobile application called Drive'n Save that captures driving-behavior signals (mileage, time of day, speed, braking, distracted driving) for auto rating, and digital self-service layers for online quoting and policyholder payments. Customer-facing operations are anchored by a 24-hour claims reporting center, a Waco claims office, and integrations with third parties for lender servicing (LenderDock), health provider access (PHCS/MultiPlan), and catastrophe windstorm claims (Texas Windstorm Insurance Association, Wright Flood).

The business model is subscription/recurring premium collection, with rates individually priced using driving records, prior insurance, claim history, and credit-based insurance scores calculated by a third party. Distribution is a hybrid of agent-led field sales through 850+ multi-line agents in 300+ county offices covering all 254 Texas counties, supplemented by online quoting, online payments (My TFBI Account), phone service, and mail. The company serves over 500,000 policyholders and their families, including Texas residents, farm and ranch owners, small businesses (stores, restaurants, churches, non-profits), and families purchasing life and retirement products. The organization is privately held under a mutual structure, is consistently rated 'Excellent' by A.M. Best, and does not publicly disclose revenue.

Name

Texas Farm Bureau Insurance Companies

Legal name

Texas Farm Bureau Mutual Insurance Company

Website

https://txfb-ins.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Texas Farm Bureau Insurance Companies is a Texas-domiciled mutual insurance group founded in 1952 that sells auto, home, farm/ranch, commercial, and life insurance through 850+ agents in 300+ county offices, serving over 500,000 policyholders across all 254 Texas counties.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Agencies and Brokerages (524210), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industry

Farm Risk Management & Insurance Advisory (AFACAJAD)

Keywords

• Property and casualty insurance
• Auto insurance
• Farm and ranch insurance
• Commercial insurance
• Life insurance

Headquarters

HQ city

Waco

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Collection of insurance premiums from policyholders for auto, home, farm & ranch, commercial, and life insurance coverage. Revenue generated through recurring premium payments on policy contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Texas Farm Bureau Insurance Companies underwrites and distributes personal and commercial insurance products to Texas residents, families, farmers, ranchers, and small businesses. Core offerings include auto, home, farm and ranch, commercial, and life insurance, sold and serviced through a network of 850+ multi-line agents in 300+ county offices statewide. The company earns revenue primarily through recurring insurance premiums and supplements its offerings with a usage-based telematics discount program (Drive'n Save), bundling incentives, and 24-hour claims service.

Product overview

Texas Farm Bureau Insurance Companies offers a comprehensive portfolio of insurance products and services for Texans, organized around five core product lines: Auto Insurance (including the Drive'n Save telematics app for discounts), Home Insurance (Homeowner's, Renter's, and Landlord's plans), Texas AgAdvantage Farm & Ranch Insurance (covering barns, outbuildings, mobile homes, inland marine, and liability), Commercial Insurance (property, general liability, and package policies), and Life Insurance (term, whole, convertible, juvenile life, IRA, long-term care, and annuities). The company operates as a traditional insurance provider with 300+ offices statewide and serves over 500,000 policyholders.

Differentiator

Problem solved

Functional benefit

Brands

• Texas AgAdvantage: Farm and ranch insurance policy described as the most comprehensive coverage on the market
• Drive'n Save

Products and services

• Auto Insurance Vehicle insurance policies covering liability, collision, comprehensive, personal injury protection, uninsured/underinsured motorist, and roadside assistance for personal vehicles owned by Texas residents.
• Drive'n Save Mobile application for auto insurance that tracks driving behavior including low mileage, time of day, speed, sudden braking, and distracted driving, providing an initial enrollment discount and additional discounts based on driving score.
• Home Insurance Property insurance for homes, rentals, and dwellings with Homeowner's, Tenant's (Renter's), and Dwelling (Landlord's) plan options for Texas homeowners, tenants, and landlords.
• Texas AgAdvantage Farm & Ranch Insurance Comprehensive farm and ranch insurance policy covering Class 1, 2, and dairy milking barns, miscellaneous farm property, mobile homes, modular homes, inland marine equipment, animal collision, and employer's liability for Texas agricultural operations.
• Commercial Insurance Business insurance for Texas small businesses including commercial property policies (buildings, business personal property, loss of income), commercial general liability policies (premise liability, products/completed operations, personal/advertising injury), and commercial package policies (combined property, general liability, and inland marine).
• Life Insurance Life insurance and retirement products for Texas families including term life, convertible life, whole life, 15-pay juvenile life, IRA, long-term care, and fixed or variable annuity products.

Quantifiable outcome

• Serving 500,000+ policyholders
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• Farm Bureau BankminorGTM or Marketing PartnerAffiliated financial services partner providing banking products to Texas Farm Bureau members. Linked as a member benefit on the Texas Farm Bureau Insurance website.
• LenderDock.comminorChannel Partner/ Reseller/ DistributorOnline portal for banks, lenders, and financial institutions to access insurance information and manage lienholder requirements for policyholders.
• TFB Health PlanscoreStrategic or Co-development PartnerAffiliated health insurance plan provider offering health coverage options to Texas Farm Bureau members. Linked as a member benefit.
• Texas Farm Bureau Mutual Insurance CompanycoreStrategic or Co-development PartnerParent company providing insurance products. Part of the Texas Farm Bureau Insurance Companies group.
• Texas Farm Bureau UnderwriterscoreStrategic or Co-development PartnerAffiliated underwriting company within the Texas Farm Bureau Insurance Companies group.
• Texas Farm Bureau Casualty Insurance CompanycoreStrategic or Co-development PartnerAffiliated casualty insurance company within the Texas Farm Bureau Insurance Companies group.
• Farm Bureau County Mutual Insurance Company of TexascoreStrategic or Co-development PartnerAffiliated county mutual insurance company within the Texas Farm Bureau Insurance Companies group.
• Southern Farm Bureau Life Insurance CompanycoreStrategic or Co-development PartnerAffiliated life insurance company providing life insurance products to Texas Farm Bureau members.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• State Farm: Largest U.S. personal lines mutual insurer with a captive agent distribution model and multi-line auto/home/life offerings. Most directly comparable to Texas Farm Bureau on structure, distribution philosophy, and product breadth, though operating nationally rather than regionally.
• Farm Bureau Financial Group: Affiliated Farm Bureau insurance carrier operating across multiple states with similar multi-line auto, home, life, and farm coverage. Closest comparable on agricultural/rural specialization and Farm Bureau grassroots affiliation model.
• Nationwide Mutual Insurance: Large mutual insurer with strong farm and ranch legacy (formerly Farm Bureau Mutual) offering auto, home, commercial, and specialty coverages through captive agents. Highly comparable on mutual structure, multi-line distribution, and rural market focus.
• Shelter Insurance: Regional mutual insurer with strong Mid-South presence, captive agent model, and multi-line personal/commercial offerings. Comparable mid-sized regional mutual carrier with similar agent-led go-to-market and product mix.
• Auto-Owners Insurance: Mid-sized mutual property and casualty insurer selling through independent agents across multiple states. Comparable on mutual structure, multi-line P&C portfolio, and agent-led distribution model.
• Erie Insurance: Regional mutual insurer concentrated in the eastern U.S. with captive agents offering auto, home, and life coverage. Comparable on regional focus, mutual structure, and agent-driven sales model.

Broad incumbents

• USAA: Large affinity-based (military) insurer offering auto, home, and life coverage with strong direct digital capabilities. Comparable on multi-line breadth and customer-loyalty moat, though operating nationally with a different customer affinity.
• Allstate: National P&C carrier with broad auto/home/life offerings sold through both captive agents and direct channels. Comparable on multi-line P&C product mix; differs on scale and direct-channel emphasis.
• Progressive: National auto insurance leader with strong direct-to-consumer digital capabilities and growing home bundle. Comparable on the auto line but operating at much larger scale with fundamentally different (direct) distribution economics.

Others

• Texas Department of Insurance (Windstorm): State regulatory and residual-market mechanism for windstorm coverage in Texas coastal counties. Texas Farm Bureau partners with TWIA for catastrophe claims routing, making this an important ecosystem counterparty rather than a competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/texas-farm-bureau-insurance-companies

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Texas Farm Bureau Insurance Companies