FHM Insurance Company

Name

FHM Insurance Company

Legal name

FHM Insurance Company

Website

https://fhmic.com

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Workers' Compensation Insurance Premiums: FHM Insurance Company generates revenue through workers' compensation insurance premiums. Policyholders pay premiums based on payroll and risk classification. Both FHM and LUBA policies offer multiple payment options including annual, semi-annual, quarterly, 10% down with 9 equal installments, and monthly self-reporting plans.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

FHM Insurance Company is a mutual workers' compensation insurance carrier selling policies to employers in seven southeastern U.S. states through independent insurance agents. It operates two servicing brands — FHM and LUBA Workers' Comp (a partnership with LUBA Casualty Insurance Company formed in 2020) — and supports agents and policyholders with its proprietary FHM Connect online portal for quoting, policy management, claims reporting, billing, and payroll reporting. Adjacent services include risk management/safety consulting, a First Fill Pharmacy Program, and a curated medical provider network.

Product overview

FHM Insurance Company operates as a workers' compensation insurance carrier offering two sub-branded products: FHM Workers' Compensation Insurance and LUBA Workers' Comp. The core offering is workers' comp coverage across seven states, supported by a proprietary platform called FHM Connect for online policy management, claims reporting, billing, and payroll reporting. Additional services include risk management/safety resources, a First Fill Pharmacy Program via Mitchell ScriptAdvisor, and a medical provider network accessible through GoPerspecta. Both FHM and LUBA policies are serviced by FHM Insurance Company, providing agency partners with two carrier options from a single service team.

Differentiator

Problem solved

Functional benefit

Brands

• LUBA Workers' Comp: A partner workers' compensation insurance brand alongside FHM. Both FHM and LUBA policies are serviced by FHM Insurance Company. LUBA Casualty Insurance Company is an affiliated carrier providing an additional coverage option.

Products and services

• FHM Workers' Compensation Insurance Workers' compensation insurance coverage for employers, providing medical benefits and wage replacement for employees injured on the job. Serviced by FHM Insurance Company across seven states (AL, FL, GA, KY, NC, SC, VA) and distributed through independent insurance agents via the FHM Connect portal, with online quote-and-bind available for accounts up to $20,000 in premium and underwriter review for larger accounts.
• LUBA Workers' Comp Workers' compensation insurance brand offered in partnership with FHM Insurance Company and underwritten by LUBA Casualty Insurance Company. LUBA policies are serviced by FHM Insurance Company and provide an additional carrier option for agency partners and policyholders across Alabama, Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core and support.

• LUBA Casualty Insurance CompanycoreStrategic or Co-development Partner · 1 January 2020In 2020, FHM Insurance Company partnered with LUBA Casualty Insurance Company to provide an additional coverage option to policyholders and agency partners. Together, FHM and LUBA share over a century of history, knowledge, and expertise. Both FHM and LUBA policies are serviced by FHM Insurance Company. LUBA covers Alabama, Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas, while FHM covers Florida, Georgia, Kentucky, North Carolina, South Carolina, and Virginia.
• Mitchell ScriptAdvisorsupportTechnology or IntegrationFHM and LUBA have formed a partnership with Mitchell ScriptAdvisor to provide a prescription program for injured workers. This includes temporary prescription ID cards, first fill pharmacy services, and access to a participating retail network pharmacy. The program helps reduce workers' compensation medical costs and provides convenient pharmacy access for injured workers.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Employers Holdings, Inc. Public workers' compensation mono-line insurance specialist (NYSE: EIG) writing small-business comp across the US. Most directly comparable to FHM in product focus, target customer (SMB employers), and agent distribution model, though larger in scale and geography.
• AmTrust Financial Services: Major workers' compensation and specialty P&C carrier with deep SMB distribution through retail agents. Direct competitor for the same small-premium workers' comp accounts and target classes (trades, hospitality, light commercial).
• FCCI Insurance Group: Regional mutual insurance company with workers' compensation as a core line and a focus on construction and hospitality — directly comparable in mutual structure, target verticals, and Southeast exposure.
• MEMIC (Maine Employers' Mutual Insurance Company): Policyholder-owned mutual workers' comp carrier — structurally and operationally analogous to FHM's mutual structure, with similar SMB/agent distribution focus in a different region.
• Accident Fund Holdings: Workers' compensation specialist carrier (AF Group) with multi-state reach and strong independent agent distribution. Direct competitor in the same mid-market and SMB workers' comp segment.
• Zenith Insurance Company: California-based workers' compensation specialist with similar SMB focus, strong independent agent distribution, and emphasis on risk management services — directly comparable operating model to FHM in a different geography.
• Builders Insurance Group: Regional workers' comp carrier specializing in construction trades — the same core vertical FHM prioritizes. Closest peer for underwriting discipline on construction classes and trade-focused risk management.
• ICW Group Insurance Companies: Workers' compensation specialist focused on SMB employers distributed through independent agents on the West Coast. Comparable product breadth, target segment, and risk-management value proposition as FHM.

Broad incumbents

• The Travelers Companies, Inc. Large national P&C carrier with a substantial workers' compensation book sold through independent agents. Competes with FHM for many of the same agent relationships, but as part of a much broader multi-line portfolio.
• The Hartford: National P&C carrier with a meaningful small-business workers' comp practice distributed through agents. Overlaps with FHM's target customer (SMB employers) and channel (independent agents), but offers a much broader commercial lines portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fhm-insurance-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 FHM Insurance Company