Tennessee Farmers Insurance Companies Highlight Strong 2025 Performance at Annual Stockholders Meeting
FRANKLIN, Tenn. – At its Annual Stockholders Meeting on April 2, 2026, Tennessee Farmers Insurance Companies reported strong 2025 financial and operational results, emphasizing growth, disciplined underwriting, and dedicated service to Tennessee families. Leaders attributed continued success to long-term preparation, financial stability, and people-first values.
The meeting centered on the theme “Built on Strength. Focused on What Matters.” Leadership reinforced that this philosophy guides decisions across life insurance, property and casualty operations, technology investments, and the way it serves its members.
Incoming CEO Bobby Pulley emphasized that while technology and scale matter, the company’s true strength lies in its people, who will lead it into the future. “We have the strength. We have the people. We have the momentum. And we have a mission worth believing in,” Pulley said.
Pulley added that long-term preparation remains central to the company’s strategy. “Strength gives us options, discipline keeps us profitable. We are prepared for the future and committed to being there when it matters most.”
Farm Bureau Insurance’s property and casualty operations reported an underwriting profit, adding $416 million to its surplus, bringing the total to $4.016 billion — a new milestone for the company. The life insurance company saw gains in sales and earnings and increased its capital and surplus. Collected premiums rose by 5.4 percent, and it had its best year on record, adding $60.7 million to its capital and surplus. Increased stock valuations were announced at the Farm Bureau Insurance annual meeting in Franklin, Tenn.
Farm Bureau Insurance of Tennessee is the trade name for the group of companies, including Tennessee Farmers Mutual Insurance Company, Tennessee Farmers Assurance Company, and Tennessee Farmers Life Insurance Company. Headquartered in Columbia, Tenn., the companies provide insurance services for members of the Tennessee Farm Bureau Federation.
Stock Prices Rise; Dividends Approved
Based on the year’s outcomes, the stock price for Tennessee Farmers Life Insurance Company was announced at $65.39 per share. At their April 1, 2026, Board Meeting, the company’s directors voted and offered to purchase up to 200,000 shares. Stockholder equity increased by 6.15 percent over the previous year. Tennessee Farmers Assurance Company’s stock price was announced at $31.67 per share, representing a 14.38 percent increase in stockholder equity over the previous year. The directors voted to provide a 3 percent stock dividend and offered to purchase up to 200,000 shares.
Property & Casualty Operations Report Underwriting Profit
The Property & Casualty operations delivered strong underwriting performance in 2025, supported by favorable weather, disciplined underwriting, and improved claims frequency.
Direct storm losses totaled $305 million, well below prior-year peaks, while the property direct loss ratio improved to 58.9 percent, nearly seven points better than the previous year. Targeted loss management efforts also drove meaningful improvement in auto performance, with automobile collision frequency declining approximately 15 percent. These results contributed to a combined loss ratio of 66.36 percent and an underwriting gain of $227.8 million, alongside an operating expense ratio of 22.88 percent, among the strongest in the industry. Premium growth was intentionally moderated to 5.36 percent, reflecting the company’s focus on business quality and long-term financial strength rather than short-term volume.
As a result, the company added $416 million to its surplus, increasing total capital and surplus to a record $4.016 billion.
Tennessee Farmers Life Insurance Company Sees Gains; Capital and Surplus Growth
Tennessee Farmers Life Insurance Company reported strong growth and financial performance in 2025, reinforcing its position as a trusted provider of life insurance protection. During the year, the company issued more than 39,000 new life insurance policies totaling $5.37 billion in face amount and achieved net growth of more than 7,000 policies and $2.4 billion in coverage. Tennessee Farmers Life ended the year with approximately 450,000 policies in force, representing $53.1 billion in total face amount.
The company delivered solid premium results, including 2.7 percent growth in life premiums and 17.7 percent growth in annuity premiums, marking its first year of annuity growth in three years. Business quality remained strong, with persistency (retention), at 93.9 percent and policy placement of 85.7 percent. Capital and surplus increased by $60.7 million to $706.9 million, a 9.4 percent increase from the prior year. Tennessee Farmers Life also continued its tradition of industry excellence, earning recognition from Ward’s 50 for the 18th consecutive year.
Tennessee Farmers Life Insurance Company’s core proposition is paying claims. In 2025, it paid $107.2 million in death benefits to 2,180 beneficiaries, helping them stay financially secure during life’s toughest moments.
About the Farm Bureau Insurance of Tennessee companies
Tennessee Farmers Mutual was founded in 1948 to insure automobiles, homes, farms, and personal property. Tennessee Farmers Assurance is a stock company established in 1991 to provide additional capital for the property and casualty operations, and to give investors an equity opportunity linked to the mutual company’s success. Tennessee Farmers Life is a stock company founded in 1973 to sell life insurance.
Farm Bureau Insurance covers more than 2 million autos, homes, and small businesses in Tennessee and is the state’s largest writer of individual life insurance. The companies are affiliated with the Tennessee Farm Bureau Federation, the nation’s largest single-state Farm Bureau organization, with nearly 690,000 member families. Learn more at fbitn.com.
