Federated Mutual Insurance Company is a direct writer of property and casualty insurance products headquartered in Owatonna, Minnesota.The staff at Federated Insurance come from unusually diverse demographic backgrounds. The company is 53.3% female and 28.1% ethnic minorities. Despite its diversity in other areas, Federated Insurance employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 70.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. Federated Insurance has great employee retention with staff members usually staying with the company for 6.0 years.The average employee at Federated Insurance makes $50,078 per year. Pay at Federated Insurance is significantly lower than some of its highest paying competitors, like Zurich, The Travelers Companies, and Chubb, which pay $76,684, $66,351, and $65,349, respectively.A large insurance company with 2,600 employees and an annual revenue of $1.9B, Federated Insurance is headquartered in Minnesota.
Federated Insurance's mission statement
As a mutual insurance company, we believe our value is measured by the success of our clients.
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3.5/5
Federated Insurance employee reviews
Based on 2 ratings
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Employee reviews
2.0
A zippia user wrote a review on Aug 2023
Cons of working at Federated Insurance
Management is close minded and does not like to be questioned. Executives allow family members who work at Federated to get away with terrible behavior.
Federated Insurance benefits
Pension Plan is great to have in addition to 401K match.
Pros of working at Federated Insurance
Great Employees. Family atmosphere.
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The team at Federated Insurance
The key people at Federated Insurance is Michael G. Kerr.
Key people
Michael G. Kerr
Federated Insurance rankings
Federated Insurance is ranked #8 on the Best Insurance companies to work for in Minnesota list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
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Federated Insurance diversity
9.6
Diversity score
We calculated Federated Insurance’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Federated Insurance’s workforce.
Federated Insurance diversity summary. Zippia estimates Federated Insurance's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Federated Insurance's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Federated Insurance's workforce.
Federated Insurance has 2,600 employees.
53% of Federated Insurance employees are women, while 47% are men.
The most common ethnicity at Federated Insurance is White (72%).
10% of Federated Insurance employees are Black or African American.
9% of Federated Insurance employees are Hispanic or Latino.
The average employee at Federated Insurance makes $50,078 per year.
Federated Insurance employees are most likely to be members of the republican party.
Employees at Federated Insurance stay with the company for 6.0 years on average.
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Federated Insurance financial performance
9.8
Performance score
Highest paying Federated Insurance competitors
Compare Federated Insurance salaries to competitors, including Zurich, The Travelers Companies, and Chubb. Employees at Zurich earn the highest average yearly salary of $76,684. The salaries at The Travelers Companies average $66,351 per year, and the salaries at Chubb come in at $65,349 per year.
Rank
Company
Average salary
Jobs
1
$76,684
0
2
$66,351
0
3
$65,349
0
4
$62,751
0
5
$61,107
0
6
$58,138
0
7
$56,479
0
8
$56,433
0
9
$54,591
0
10
$53,901
0
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Zippia gives an in-depth look into the details of Federated Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federated Insurance. The employee data is based on information from people who have self-reported their past or current employments at Federated Insurance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Federated Insurance. The data presented on this page does not represent the view of Federated Insurance and its employees or that of Zippia.
Federated Insurance may also be known as or be related to Federated Insurance, Federated Insurance Companies, Federated Insurance Company, Federated Mutual Insurance Company and Federated Mutual Insurance Group.