American Agricultural Insurance Company

American Agricultural Insurance Company

Agricultural reinsurance provider for Farm Bureau

Overview

American Agricultural Insurance Company is a global reinsurance provider based in Schaumburg, Illinois, serving Farm Bureau insurers directly and through broker markets with crop insurance and other reinsurance solutions. It reduces primary insurer risk by reinsuring parts of the policies they underwrite, using a mix of direct Farm Bureau relationships and broker-mediated programs to balance domestic and international exposure. Its approach combines a long history (founded in 1946) with a dual-market model, resulting in a diversified portfolio focused on agricultural risk. The goal is to provide stable reinsurance capacity and specialized agricultural risk solutions through enduring partnerships and responsive service.

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, Illinois

Founded

1948

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Simplify's Take

What believers are saying

  • AM Best affirmed AAIC A rating in July 2025 with stable outlook.
  • AmericanAg launched Personal Cyber Coverage in 2025, opening new premium sources.
  • Website updates in 2026 still cite strong balance sheet and healthy cash flow.

What critics are saying

  • Farm Bureau concentration keeps AAIC exposed if state affiliates renegotiate renewals in 2026.
  • Cyber products face crowded competition from carriers with deeper data and brand reach.
  • Any crop-loss shock or rating pressure would strain AAIC’s A stable balance sheet.

What makes American Agricultural Insurance Company unique

  • 1946 Farm Bureau roots give AAIC captive-like distribution and long trust.
  • 2025 product launches add cyber endorsements beside crop and reinsurance lines.
  • Argentina and Colombia authorization expanded AAIC’s broker-market footprint beyond U.S. Farm Bureau.

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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

Paid Parental Leave

Hybrid Work Options

Employee Assistance Program

Company News

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.

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