Farmers Insurance

Farmers Insurance

About Farmers Insurance

Simplify's Rating
Why Farmers Insurance is rated
C-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated D+ on Rating Differentiation

Industries

Company Size

10,001+

Company Stage

Debt Financing

Total Funding

N/A

Headquarters

Los Angeles, California

Founded

1928

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Digital transformation improves claims processing and customer service efficiency.
  • Telematics and usage-based models offer competitive, personalized insurance products.
  • AI in fraud detection reduces fraudulent claims, leading to cost savings.

What critics are saying

  • Legal challenges from fraudulent practice allegations may cause financial and reputational damage.
  • Recent layoffs suggest potential financial or operational challenges.
  • Departure of key personnel could lead to loss of institutional knowledge.

What makes Farmers Insurance unique

  • Farmers Insurance expands coverage in California, enhancing its market presence.
  • Eric Coleman appointed as President of Business Insurance, strengthening leadership.
  • John Griek joins as CFO, bringing 20 years of experience from Allstate.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

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