Southern Farm Bureau Casualty Insurance Company

What Southern Farm Bureau Casualty Insurance Company does

Southern Farm Bureau Casualty Insurance Company (SFBCIC), founded in 1947 and headquartered in Ridgeland, Mississippi, is a private regional property and casualty insurance carrier serving individual consumers, businesses, and agricultural operations across six states: Arkansas, Colorado, Florida, Louisiana, Mississippi, and South Carolina. The company markets through six state-level offices and a network of independent contractor agents embedded in local county/parish Farm Bureau offices, positioning itself as a community-rooted alternative to national direct carriers. Its A.M. Best A (Excellent) rating has been maintained for over 72 years, reflecting sustained financial strength.

The product portfolio spans twelve core lines: auto, home, life, flood, boat owners, commercial business, farm/ranch, financial services, liability (including umbrella), health, inland marine, and property owners insurance. Two technology-enabled add-ons extend the platform: DriveDown, a telematics-based deductible rewards program launched in 2020 that uses the Routely mobile app to collect GPS, acceleration, braking, cornering, and speed data, then leverages third-party partner Arity, LLC for predictive driving-score analytics; and the MOBILE Agent App, which provides 24/7 policy access, claims reporting, roadside assistance, and DriveDown enrollment.

Revenue is generated almost entirely through recurring insurance premiums on personal, commercial, and farm lines, with quote-based pricing that is not publicly disclosed. In Louisiana, average full-coverage auto rates of approximately $132/month sit substantially below the $280 state average, indicating meaningful price competitiveness. The company has no disclosed external institutional investors, parent company, or public shareholders, and in 2025 agreed to acquire Louisiana Farm Bureau Mutual Insurance Co. for $46.7 million in a demutualization transaction approved by 93.7% of voting members, consolidating an in-state affiliate into its corporate structure.

Name

Southern Farm Bureau Casualty Insurance Company

Legal name

Southern Farm Bureau Casualty Insurance Company

Website

https://w3.sfbcic.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Southern Farm Bureau Casualty Insurance Company is a private regional property and casualty carrier founded in 1947, offering auto, home, life, commercial, farm, and specialty insurance across six U.S. states through a network of independent contractor agents and mobile-app-driven digital tools.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro industry

PRIMARYFSAJAMAD

Property Insurance (Homeowners, Renters & Commercial Property)

Financial & Insurance/Insurance — Motor, Property & Casualty/Motor Vehicle Liability Insurance

SECONDARYFSAJACAA

Homeowners Insurance

Financial & Insurance/Insurance — Motor, Property & Casualty/Property Insurance (Homeowners, Renters & Commercial Property)

SECONDARYFSAJACAK

Crop & Farm Property Insurance

Financial & Insurance/Insurance — Motor, Property & Casualty/Property Insurance (Homeowners, Renters & Commercial Property)

SECONDARYFSAJACAE

Commercial Property Insurance

Financial & Insurance/Insurance — Motor, Property & Casualty/Property Insurance (Homeowners, Renters & Commercial Property)

Keywords

• Property casualty insurance
• Auto insurance
• Home insurance
• Farm ranch insurance
• Commercial insurance

Headquarters

HQ city

Ridgeland

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property and Casualty Insurance Premiums: The company generates revenue primarily through insurance premiums from personal and commercial lines of business. Customers pay recurring premiums for coverage across auto, home, farm, commercial, and other property/casualty insurance products.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Southern Farm Bureau Casualty Insurance Company underwrites and sells personal and commercial property and casualty insurance products—including auto, home, life, flood, boat, farm/ranch, commercial business, liability, inland marine, and property owners coverage—through six state offices and a network of independent contractor agents in Arkansas, Colorado, Florida, Louisiana, Mississippi, and South Carolina. Policyholders also access the DriveDown telematics-based deductible rewards program and the MOBILE Agent App for self-service policy management and claims.

Product overview

Southern Farm Bureau Casualty Insurance Company is a multi-line regional property and casualty insurance company that offers a comprehensive portfolio of insurance products through six state offices (Arkansas, Colorado, Florida, Louisiana, Mississippi, South Carolina) and independent contractor agents. The core product suite includes Auto, Home, Life, Flood, Boat, Commercial Business, Farm/Ranch, Financial Services, Liability, Health, Inland Marine, and Property Owners insurance. The company also offers two technology-enabled add-on features: DriveDown, a deductible rewards program that tracks driving behavior via the Routely mobile app and awards discounts based on driving scores calculated by third-party analytics partner Arity, and the MOBILE Agent App, which provides policyholders 24/7 mobile access to account management, claims reporting, and roadside assistance.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance Provides coverage for cars, motorcycles, RVs, and ATVs across Arkansas, Colorado, Florida, Louisiana, Mississippi, and South Carolina for individual consumers.
• Home Insurance Protects homes and contents for both renters and property owners against damage and loss for individual consumers.
• Life Insurance Provides Whole and Term Life insurance products to safeguard families' financial futures for individual consumers.
• Flood Insurance Coverage for flood damage, offered through the National Flood Insurance Program (NFIP), for property owners in catastrophe-prone areas.
• Boat Owners Insurance Protects boats, jet skis, and other watercraft on the water for individual owners.
• Commercial Business Insurance Custom policies to protect business livelihoods, including commercial property and liability coverage, for business owners across the six-state footprint.
• Farm/Ranch Insurance Coverage for agricultural properties including farm property, equipment, produce, and livestock for farm and ranch operators.
• Financial Services Includes banking services, retirement planning, and identity protection products for individual consumers.
• Liability Insurance Extra personal protection for families and assets, including umbrella coverage, for individual consumers.
• Health Insurance Special programs to support personal health, including health and dental insurance options, for individual consumers.
• Inland Marine Insurance Physical coverage for moveable property and equipment during transport for businesses and individuals.
• Property Owners Insurance Multi-layered coverage protecting against different types of property damage for property owners.
• DriveDown A deductible rewards program that lets policyholders save on their deductibles as a reward for safe driving. Powered by the Routely mobile app, it collects driving behavior data and uses Arity analytics to award monthly percentage discounts based on driving scores.
• MOBILE Agent App Mobile application providing 24/7 access to account information, policy reviews, claims reporting, agent contact, emergency roadside assistance, and DriveDown enrollment functionality for policyholders.

Quantifiable outcome

• DriveDown participants can earn deductible savings every 30 days based on safe driving behavior
• +2 more outcomes

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

One partnership is on record.

• Arity, LLCcoreTechnology or IntegrationArity is a third-party mobility data and analytics company that collects and analyzes customer driving data from the DriveDown program. They process driving behavior data (GPS location, trip routes, acceleration, braking, cornering, speed) and provide predictive analytics to generate driving scores for each user, determining monthly deductible discount percentages.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Progressive: Progressive is a national direct-to-consumer P&C carrier with leading market share in personal auto. It competes head-to-head with SFBCIC's primary personal-auto segment through low-cost online quoting, aggressive telematics (Snapshot), and broad geographic availability.
• State Farm: State Farm is the largest U.S. property and casualty insurer, distributing through captive agents across all 50 states including SFBCIC's six operating states. It is the dominant broad-incumbent competitor on auto, home, and life lines against which SFBCIC positions its local-agent value proposition.

Direct peers

• Auto-Owners Insurance: Auto-Owners Insurance is a mid-sized regional P&C insurer distributing through independent agents across roughly 30 states, with a strong presence in the South. Its agent-driven model, multi-line product set, and A-rated financial strength make it a direct comparable for Southern Farm Bureau Casualty Insurance Company.
• Farm Bureau Financial Group: Farm Bureau Financial Group is a regional insurance and financial services provider serving Iowa, Minnesota, Nebraska, Kansas, and other Midwestern states through the Farm Bureau affiliate network. It sells a comparable multi-line product portfolio (auto, home, life, farm) via local agents and competes under a similar Farm Bureau brand architecture.
• Erie Insurance: Erie Insurance is a regional property and casualty carrier selling personal and commercial lines through a network of exclusive local agents across the eastern U.S. Its agent-led distribution and regional P&C focus make it one of the closest non-Farm-Bureau comparables in model and target customer.
• Alfa Insurance: Alfa Insurance is a regional P&C and life carrier affiliated with the Alabama Farmers Federation, serving Alabama, Mississippi, Georgia, and Tennessee through local agents. Its Farm Bureau-style affiliate structure, Southeast footprint, and multi-line offerings make it a direct peer to Southern Farm Bureau Casualty Insurance Company.
• Shelter Insurance: Shelter Insurance Companies is a regional mutual P&C insurer serving the South and Midwest with a focus on rural and agricultural customers and an exclusive-agent distribution model. Its product mix (auto, home, farm, life) and geographic overlap with southern states make it a direct peer.
• North Carolina Farm Bureau Mutual Insurance Company: North Carolina Farm Bureau Mutual Insurance Company is a regional Farm Bureau-affiliated P&C insurer operating in North Carolina, offering personal and commercial lines through independent agents. It is a direct peer under the same Farm Bureau brand architecture and agent-driven model.
• Tennessee Farmers Insurance Companies: Tennessee Farmers Insurance Companies is a regional mutual P&C carrier writing auto, home, farm, and life insurance in Tennessee and surrounding southern states via a captive agent force. Its regional Southern footprint and mutual heritage make it a close comparable to Southern Farm Bureau Casualty Insurance Company.
• Texas Farm Bureau Casualty Insurance Company: Texas Farm Bureau Casualty Insurance Company is a regional Farm Bureau-affiliated P&C carrier operating in Texas, using a comparable independent agent distribution model and a similar multi-line product portfolio (auto, home, farm). It is the closest organizational analogue to Southern Farm Bureau Casualty Insurance Company under the broader Farm Bureau brand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/southern-farm-bureau-casualty-insurance-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Southern Farm Bureau Casualty Insurance Company