A

American Agricultural Insurance Company

Agricultural reinsurance provider for Farm Bureau

Overview

Global reinsurance provider based in the United States, AAIC primarily serves Farm Bureau insurance companies as a direct reinsurance partner and also participates in U.S. and international programs through the broker market to diversify its portfolio. Its offerings include crop insurance reinsurance and other risk-transfer solutions that help primary insurers share and manage agricultural risk. A long history dating back to 1946 and a dual-market model—direct reinsurance for Farm Bureau members plus broker-market participation—set it apart and support a focused, agriculture-oriented portfolio. The goal is to deliver stable reinsurance capacity and tailored agricultural risk solutions through enduring relationships and responsive service.

Work here?Claim your company

About American Agricultural Insurance Company

Simplify's Rating
Why American Agricultural Insurance Company is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Schaumburg, IL

Founded

1948

Get referred to American Agricultural Insurance Company

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • AmericanAg reported $888 million surplus and 46% growth since January 1, 2023.
  • AM Best said 2024 and 2025 were AmericanAg’s strongest years ever.
  • International expansion and expanded direct crop business broaden earnings beyond Farm Bureau cycles.

What critics are saying

  • 2024 and 2025 produced AmericanAg’s largest historical loss payouts despite record profits.
  • The Farm Bureau cession base concentrates renewal risk if affiliates trim reinsurance purchases.
  • Climate volatility can quickly overwhelm crop portfolios and exhaust capital during severe loss years.

What makes American Agricultural Insurance Company unique

  • AmericanAg serves Farm Bureau insurers directly and broker markets globally.
  • AM Best affirmed A and raised AmericanAg’s outlook to positive on August 19, 2026.
  • Andrew Ealey’s September 16, 2026 hire targets international brokers and reinsurers.

Help us improve and share your feedback! Did you find this helpful?

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Flexible Spending Account
  • Health Savings Account
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays

Company News

Insurance Journal
Sep 16th, 2026
People moves: Alliant names Black to midwest Employee Benefits team; American Ag Points Ealey as VP, International Brand Awareness.

People moves: Alliant names Black to midwest Employee Benefits team; American Ag Points Ealey as VP, International Brand Awareness. September 16, 2026 Jeff Black has joined Alliant Insurance Services as Senior Vice President within its Employee Benefits Group. The Chicago-based consultant will advise a diverse portfolio of clients on human capital and benefits strategies designed to support growth, organizational transformation, and critical business initiatives. Black brings more than 30 years of experience advising organizations on human capital, total rewards, and mergers and acquisitions. His background includes designing and developing integrated benefits programs, with a focus on strategy development, program design and implementation, vendor negotiations, data analysis, and consultation with finance and HR leaders. Black helps organizations translate strategic priorities into practical benefits programs that support both financial and workforce objectives. Prior to joining Alliant, Black was a partner with a global employee benefits consulting firm, where he held various leadership positions in both health and M&A advisory areas. American Ag Points Ealey as VP, International Brand Awareness American Agricultural Insurance Company announced the appointment of Andrew Ealey as Vice President, International Brand Awareness. In this newly focused role, Ealey will help strengthen AmericanAg(R)'s visibility and recognition among international brokers, reinsurers, and other business partners while supporting the company's international strategy and growth objectives. Ealey brings more than 30 years of insurance and reinsurance experience, including extensive work with U.S., international and retrocession business. He most recently served as Head of Property Treaty at Canopius Group, where he led a diverse treaty reinsurance portfolio and worked closely with brokers and insurance company clients across multiple markets. As Vice President, International Brand Awareness, Ealey will develop and implement plans to increase AmericanAg's visibility among priority stakeholders. He will cultivate relationships with international and regional brokers, represent the company at key industry forums, and work with executive leaders to translate AmericanAg's strategy into a clear and compelling market presence. In this newly created role, he will report directly to Andrew Boris, Chief Executive Officer. Was this article valuable? Interested in Employee Benefits? Get automatic alerts for this topic.

PR Newswire
Sep 9th, 2026
AmericanAg(R) announces retirement of Senior VP Pat Larsen.

AmericanAg(R) announces retirement of Senior VP Pat Larsen. Sep 08, 2026, 19:09 ET SCHAUMBURG, Ill., Sept. 8, 2026 /PRNewswire/ - AmericanAg(R) announced that Pat Larsen, Senior Vice President of Client Retro & Broker Assumed Pool Management, will retire on January 31, 2027, following 36 years in the reinsurance industry. In his current role, Pat works closely with AmericanAg(R) clients, global retrocessionaire business partners, and colleagues throughout the organization to develop retrocession solutions for the company and its clients. He is also responsible for managing the Broker Assumed pools that AmericanAg(R) maintains for select clients. "I've been incredibly fortunate to work with so many intelligent, professional, and authentic colleagues and business partners these past 18 years at AmericanAg(R) and throughout my entire career in reinsurance." said Pat Larsen. "I'm ready for, and excited about, what lies ahead for my family and me as I start this next chapter." As Pat prepares for retirement, AmericanAg(R) recognizes his lasting contributions and the trust he has earned across the organization and reinsurance community. "Pat has been a trusted colleague and an important partner to our clients throughout his many years with AmericanAg(R)," said Andrew Boris, Executive Vice President & CEO. "His deep understanding of reinsurance, commitment to building strong relationships, and willingness to share his expertise have made a lasting contribution to our organization. Pat has always represented the best of AmericanAg(R) with his warmth and deep care for the people that he worked with in and outside the company." AmericanAg(R) extends its sincere appreciation to Pat for his many years of service and wishes him and his family all the best in retirement. Details regarding the transition of Pat's responsibilities at AmericanAg(R) will be provided at a later date. About AmericanAg(R) American Agricultural Insurance Company (AmericanAg(R) ranks among the top domestic reinsurers in the United States. The company is a direct provider of reinsurance to Farm Bureau(R) insurance companies and participates in assumed U.S. and international reinsurance programs through the broker marketplace. Since 1948, AmericanAg(R) has provided reinsurance services that promote the financial strength and success of its clients, and the company continues to expand its presence in new markets around the world. AmericanAg(R) is rated "A" (Excellent) by A.M. Best. For more information, visit aaic.com. SOURCE American Agricultural Insurance Company

Coverager
Jan 18th, 2024
Americanag Launches Personal Cyber Coverage Product

AmericanAg <i class="fa fa-info-circle company-popover" data-content="h3AmericanAg/h3. div. table

The Insurer
Nov 19th, 2021
Janet Katz will retire from AAIC Incorporated as executive vice president and CEO on Apr 1st 22'.

American Agricultural Insurance Company has announced that executive vice president and CEO Janet Katz will retire on 1 April 2022, with general counsel and secretary Andrew Boris succeeding her.

The Insurer
Jun 17th, 2021
AAIC Incorporated hires Doug Nuehring as assistant vice president for underwriting/marketing

American Agricultural Insurance Company (AmericanAg) has hired EMC Reinsurance Company veteran Doug Nuehring as assistant vice president for underwriting/marketing.

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for American Agricultural Insurance Company right now.

Find jobs on Simplify and start your career today

We update American Agricultural Insurance Company's jobs every few hours, so check again soon!Browse all jobs