FCCI Insurance Group

What FCCI Insurance Group does

FCCI Insurance Group is a mutual insurance holding company headquartered in Sarasota, Florida, founded in 1959 by local contractors as a workers' compensation self-insurance fund. The company has grown into a multi-line commercial property and casualty carrier operating through eight wholly-owned insurance subsidiaries, writing workers' compensation, commercial property, commercial auto, general liability, inland marine, commercial crime, umbrella, surety bonds, agribusiness, and contractor/manufacturer E&O coverage for 12,000+ mid-market policyholders. As of December 31, 2025, FCCI reported $1.3 billion in direct written premium, $3.3 billion in total assets, and a $2.3 billion investment portfolio, with an A (Excellent) AM Best rating reaffirmed on June 10, 2025.

FCCI distributes exclusively through 600+ independent agents across five regional clusters (Florida-Georgia, Gulf Coast, Mid-Atlantic, Midwest, Southwest), supported by proprietary agent-facing platforms including ExpressServe for policy management, Express Surety for 24/7 bond issuance, and the Risk Solutions Network training library with 700+ safety videos. The company has expanded into the non-admitted market via FCCI Specialty Insurance Company, which launched on October 1, 2024 to write customized Excess & Surplus coverage and was rolled out across all regions in 2024-2025. Operational modernization is anchored by a Cognizant partnership and Billing Center on Guidewire Cloud, with AI deployed in fraud detection, risk assessment, claims processing, and policyholder communications.

The revenue model is a hybrid of recurring subscription premiums (guaranteed-cost, dividend, and loss-sensitive workers' comp plans; annual E&S and standard commercial policies) plus transactional surety bond fees. Pricing is quote-based and not publicly disclosed, with commission structures that include performance-based compensation tied to agent production through Chairman's Club (top 3%) and Executive's Club recognition programs. Risk control consulting and the Vendor Alliance Program are embedded value-added services that support loss ratios and policyholder retention.

Name

FCCI Insurance Group

Legal name

FCCI Insurance Group

Website

https://fcci-group.com

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

501–1,000 employees

Short description

FCCI Insurance Group is a mutual commercial P&C insurer founded in 1959, writing workers' comp, property, liability, surety, and E&S coverage for mid-market businesses through 600+ independent agents across five U.S. regions.

Ownership category

akta.pro rank

Headquarters

HQ city

Sarasota

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property and Casualty Insurance Premiums: Core revenue from commercial insurance policies including property, casualty, auto, workers' compensation, general liability, umbrella, and specialty coverages. Premiums are collected from policyholders through independent agent distribution.
2. Surety Bonds: Revenue from surety bond products including commercial surety bonds and contract surety bonds. FCCI writes surety bonds in 45 states.
3. Risk Control Services: Risk control consulting services provided to policyholders including jobsite surveys, safety program reviews, driver training, and access to vendor alliance program resources.
4. Excess & Surplus Lines: Customized E&S solutions through FCCI Specialty Insurance Company for hard-to-place risks, launched October 1, 2024.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

FCCI Insurance Group is a mutual insurance holding company that underwrites and distributes commercial property and casualty insurance products to mid-market businesses across the United States. Its portfolio includes workers' compensation, general liability, commercial auto, commercial property, surety bonds, umbrella, inland marine, crime, agribusiness, errors & omissions, and excess & surplus lines, distributed exclusively through a network of over 600 independent agents and supported by regional offices, risk control consulting, and proprietary online platforms.

Product overview

FCCI Insurance Group offers a comprehensive portfolio of commercial property and casualty insurance products distributed exclusively through independent agents. The core product lineup includes standard coverages (Agribusiness, Commercial Auto, Commercial Crime, Commercial Property, General Liability, Inland Marine, Surety Bonds, Umbrella, and Workers' Compensation) supplemented by specialized Excess & Surplus lines through FCCI Specialty Insurance Company. E&O protection is available for Contractors and Manufacturers. Supporting services include Risk Control Consulting, the Vendor Alliance Program, Risk Solutions Network, and Claims Services. The company was founded in 1959, serves over 12,000 policyholders nationwide, and maintains A (Excellent) AM Best rating.

Differentiator

Problem solved

Functional benefit

Brands

• ExpressServe: Online policy management system for agents and policyholders to access policy, billing and account information
• Express Surety
• Risk Solutions Network
• Vendor Alliance Program
• Chairman's Club
• Executive's Club
• Manufacturers Errors & Omissions
• Contractors Errors & Omissions
• FCCI Specialty Insurance Company
• Premier Package Policy
• First Choice Liability Endorsement
• First Choice Property Endorsement
• Medical Select Network
• Injury Triage Service (Medcor)

Products and services

• Workers' Compensation Insurance Provides wage replacement and medical benefits for employees injured on the job, offered through Guaranteed Cost Plans, Dividend Plans, and Loss-Sensitive Plans for mid-market commercial employers.
• General Liability Insurance Commercial liability coverage for bodily injury, property damage, personal and advertising injury, and products/completed operations exposure faced by mid-market businesses.
• Commercial Property Insurance Coverage for buildings, business personal property, business income, equipment breakdown, and debris removal for commercial policyholders.
• Commercial Auto Insurance Liability, collision, comprehensive, medical payments, and uninsured motorist coverage for business-owned vehicles.
• Commercial Crime Insurance Protection against employee dishonesty, forgery, computer fraud, funds transfer fraud, and social engineering fraud for businesses.
• Inland Marine Insurance Coverage for property in transit, on location, or temporarily stored off-site, including builder's risk and contractor's equipment.

Quantifiable outcome

• A (Excellent) AM Best rating affirmed June 10, 2025
• +5 more outcomes

Named customers3 records

Segments8 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability6 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• CognizantcoreTechnology or Integration · 1 October 2024FCCI collaborated with Cognizant to create new Excess & Surplus Insurance Lines of Business. Cognizant helped FCCI modernize billing operations through Billing Center on Guidewire Cloud. The partnership supports FCCI's digital transformation and E&S expansion launched October 1, 2024.
• Gulf Coast Community FoundationcoreStrategic or Co-development Partner · 1 January 2019FCCI Charitable Foundation, established in 2019, is administered by Gulf Coast Community Foundation. The Foundation's sole purpose is to amplify donated dollars with over 99% of teammate contributions going directly to nonprofits.
• GuidewirecoreTechnology or IntegrationFCCI modernized billing operations using Guidewire Cloud's Billing Center, implemented along with Cognizant. This cloud-based platform supports FCCI's insurance operations modernization.
• Vendor Alliance Program PartnersminorStrategic or Co-development PartnerFCCI partners with trusted vendors to provide additional tools and resources to help strengthen safety programs and reduce risk for policyholders. Vendors include Acadian Total Security, E Fire USA, Evolved Safety, HSB Efficiency First, SafetyFirst, SR Max, and TRUCE Software.
• MedcorminorStrategic or Co-development PartnerMedcor provides Injury Triage Service for workers' compensation - immediate 24/7 nurse-led support ensuring injured employees receive timely, appropriate care from the first call.
• Medical Select NetworkminorStrategic or Co-development PartnerTrusted provider network focused on workers' compensation care, helping individuals recover and return to work safely.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Hanover Insurance Group: Property and casualty insurer with a strong regional commercial and specialty franchise sold through independent agents. Overlapping mid-market commercial appetite and agency distribution comparable to FCCI's.
• Selective Insurance Group: Regional commercial P&C carrier focused on mid-market accounts distributed through independent agents in the eastern U.S. Highly comparable target customer, product mix, and agency distribution model.
• Employers Holdings: Specialty workers' compensation carrier serving mid-market employers, founded out of a construction-industry context. Directly comparable to FCCI's foundational workers' comp and construction book.
• Donegal Group: Regional P&C holding company with a mutual-like affiliation distributing through independent agents in the Mid-Atlantic and Midwest. Comparable regional footprint, agent distribution, and commercial lines focus.
• Cincinnati Financial: Mutual P&C holding company with a long-tenured independent agency distribution model and broad commercial lines appetite across the Midwest and Southeast. Comparable mutual ownership, agency-channel focus, and diversified commercial book.
• Erie Insurance: Mutual P&C carrier selling through exclusive and independent agents in the eastern U.S., with a comparable mix of personal and commercial lines and a regional agency franchise. Strongest direct comp on mutual model plus independent agent distribution.
• EMC Insurance Companies: Mutual P&C carrier with a long-standing focus on commercial lines distributed through independent agents in the Midwest and Southeast. Comparable mutual model, agency channel, and commercial property/casualty mix.
• Auto-Owners Insurance: Mutual regional P&C carrier distributing exclusively through independent agents across the Midwest, Mid-Atlantic, and Southeast. Closely comparable business model, mutual ownership structure, and agent-exclusive distribution channel to FCCI.
• Westfield Insurance: Mutual P&C carrier distributed through independent agents concentrated in the Midwest and eastern U.S. Comparable mutual structure, agent-exclusive distribution, and commercial lines focus.

Broad incumbents

• Markel Group: Specialty P&C insurer with a substantial surety and E&S franchise plus broader specialty lines. Overlaps with FCCI's surety bond operations and FCCI Specialty's new E&S platform, though Markel operates at much greater scale and breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FCCIInsurance
• LinkedInlinkedin.com/company/fcciinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 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 FCCI Insurance Group