Bremen Farmers Mutual Insurance

What Bremen Farmers Mutual Insurance does

Bremen Farmers Mutual Insurance Company is a Kansas-only, policyholder-owned mutual property and casualty insurer headquartered in Bremen, Kansas. The company was chartered by the Kansas Insurance Department on May 2, 1888, growing out of an 1878 German-American "Friendly Fire Society" formed in the same community. It generates revenue through recurring insurance premiums collected from individual Kansas policyholders, with members rather than external stockholders as the residual claimants, and it holds an A- (Excellent) financial strength rating from AM Best.

The product portfolio is narrow and Kansas-specific: Homeowners/Renters insurance, the Agri-Pak farm policy (covering dwellings, mobile homes, outbuildings, farm personal property, livestock, and equipment), Rental Owners insurance, Valuable Personal Property coverage (boats, jewelry, fine arts, farm machinery, livestock), and small Business Owners policies on an actual cash value basis. Policyholder self-service is delivered through the my.bfmic.com portal and a mobile app on iOS and Android, while agent operations — quoting, policy administration, and claims — run on the BriteCore platform (bfmic.britecorepro.com). Customer billing includes an AutoPay monthly plan (minimum $115 annual premium) and online bank or card payments with disclosed convenience fees on cards.

Distribution is exclusively indirect: products are sold and serviced through a network of more than 200 independent insurance agencies across Kansas, with no direct-to-consumer sales motion. The company reinsures portions of its book with European partners Hannover Rück SE and R+V Versicherung AG (disclosed under GDPR Article 14). Corporate strategy emphasizes competitive pricing, customizable coverage (letting policyholders opt out of perils they do not want), and policyholder-aligned mutual governance rather than premium growth or geographic expansion.

Name

Bremen Farmers Mutual Insurance

Legal name

Bremen Farmers Mutual Insurance Company

Website

https://bfmic.com

Company type

Private

Founded year

1888

Operating status

Operating

Headcount range

11–50 employees

Short description

Bremen Farmers Mutual is a Kansas-only, policyholder-owned mutual property and casualty insurer, founded 1888, offering homeowners, farm (Agri-Pak), rental, valuable personal property, and small commercial coverage exclusively through 200+ independent agencies.

Ownership category

akta.pro rank

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industry

Crop & Farm Property Insurance (FSAJACAK)

Keywords

• Property casualty insurance
• Mutual insurance company
• Farm insurance coverage
• Homeowners insurance programs
• Commercial property insurance

Headquarters

HQ city

Bremen

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property and Casualty Insurance Premiums: The company collects insurance premiums from policyholders for property and casualty coverage. As a mutual insurance company, premiums are paid by policyholders who are also members of the company, rather than external stockholders. Coverage types include homeowners, renters, farm (Agri-Pak), rental property, valuable personal property, and business owner policies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Bremen Farmers Mutual Insurance Company underwrites and services property and casualty insurance coverage for Kansas policyholders, including homeowners and renters, farm operators (Agri-Pak), rental property owners, valuable personal property, and small commercial buildings. Products are sold and serviced exclusively through a network of more than 200 independent insurance agencies throughout Kansas and supported by a BriteCore-powered online portal and mobile app.

Product overview

Bremen Farmers Mutual Insurance offers a portfolio of property and casualty insurance products through a network of over 200 independent insurance agencies in Kansas. The core product line includes Homeowners/Renters Insurance, the Agri-Pak Farm Policy, Rental Owners Insurance, Valuable Personal Property Insurance, and Business Owners Insurance. Policyholder services are delivered through the My BFMIC online portal and mobile app, with agent operations supported through the BriteCore Agent Portal. Additional services include AutoPay enrollment for automatic monthly payments.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• A- (Excellent) financial strength rating from AM Best

Segments5 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• BriteCorecoreTechnology or IntegrationBriteCore provides the policy management platform (bfmic.britecorepro.com) used by agents and policyholders for quoting, policy management, claims submission, and payment processing. The company recommends Chrome browser for best user experience. A dedicated BriteCore help site is available for agent support.
• Hannover Rück SEminorOthersEuropean reinsurance partner. Under GDPR Art. 14 requirements, the company discloses that Hannover Rück SE processes Personal Data as defined by the European General Data Protection Regulation for reinsurance purposes.
• R+V Versicherung AGminorOthersEuropean reinsurance partner. Under GDPR Art. 14 requirements, the company discloses that R+V Versicherung AG processes Personal Data as defined by the European General Data Protection Regulation for reinsurance purposes.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Westfield Insurance: Ohio-based mutual P&C carrier writing personal, commercial, and agribusiness coverages through independent agents in the Midwest. Comparable mutual structure and agribusiness focus to BFMIC, with broader geographic reach.
• Cincinnati Financial: Large Ohio-based mutual P&C insurer writing commercial, personal, and excess-and-surplus lines through independent agents across much of the U.S. Comparable in mutual structure and independent-agent model, but materially larger and more diversified.

Direct peers

• Grinnell Mutual: Iowa-based farm and property mutual insurer writing homeowners, farm, and commercial P&C coverage through independent agents across the Midwest. Highly comparable to BFMIC as a regional farm mutual with an independent-agency distribution model and a similar A-rated financial profile.
• Donegal Group: Regional P&C holding company writing personal and commercial lines through independent agents in the Mid-Atlantic and Midwest. Comparable small-cap regional mutual/regional carrier competing in similar property lines via independent agents.
• State Auto Insurance: Midwest-based regional P&C insurer writing personal, commercial, and specialty lines through independent agents. Comparable regional independent-agent P&C competitor with similar small-mid scale, though broader multi-state footprint.
• Shelter Insurance: Missouri-based mutual P&C and life insurer operating across the central Midwest including Kansas, distributing through captive agents. A direct regional mutual competitor in the Kansas homeowners and farm market with multi-line capability BFMIC lacks.
• Mutual of Enumclaw: Washington-state-based mutual P&C insurer writing personal and commercial lines through independent agents in the Pacific Northwest and Mountain West. A small regional farm-and-property mutual with the same structural profile as BFMIC, serving as a useful peer for benchmarking mutual unit economics.
• EMC Insurance Companies: Iowa-based regional P&C carrier writing commercial and personal lines through independent agents in the Midwest. Comparable to BFMIC as a regional independent-agent P&C writer in the same geography, with a stronger commercial tilt.
• Farm Bureau Financial Group: Mutual insurer affiliated with Farm Bureau organizations across the Midwest, offering farm, home, auto, and life coverage through exclusive agents. Directly comparable to BFMIC in targeting Kansas farm and rural households with a mutual structure and farm-centric product suite.
• COUNTRY Financial: Midwest mutual insurance group offering auto, home, life, and farm coverages through exclusive agents in states including Kansas. Comparable to BFMIC in mutual heritage, Midwestern farm customer base, and independent/exclusive agency distribution, but with substantially broader product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/bremen-farmers-mutual-insurance-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Bremen Farmers Mutual Insurance