Federated Insurance® Celebrates Record-Setting Year
at 122nd Annual Policyholders Meeting
Federated Mutual Insurance Company hosted its 122nd Annual Meeting of Policyholders on Tuesday, April 21, 2026, in Owatonna, Minnesota.
Chairman, President and CEO Nicholas Lower presided over the meeting, reflecting on Federated’s continued growth and commitment to its policyholders, employees, association partners, and the communities where its employees live and work. He began by thanking the company’s more than 47,000 policyholders.
“Every day, we are privileged to protect the future of American business owners who drive progress, create opportunities, and strengthen the communities they serve," said Lower. "For 122 years, they have trusted Federated Insurance to provide tailored coverage, equitable premiums, and proactive risk management solutions. It is an honor to partner with them. We remain steadfast in our mission to meet their evolving needs and enhance their success.”
Lower credited Federated’s more than 3,000 employees for the company’s strong 2025 financial results. “World-class organizations operate with excellence, a client-focused mission, forward-thinking strategies, and superior financial results. By this definition, Federated® stands among the elite. Yet, what truly sets us apart is our world-class people. It’s their dedication that drives our operational achievement, fosters collaboration, and ensures we deliver superior value to our policyholders, who deserve only the best,” he said.
Company highlights from 2025 include:
• Total assets, $15.0 billion; total invested assets, $13.3 billion; policyholders’ surplus, $6.6 billion; total property and casualty and life premium, $3.5 billion; property and casualty net premium, $3.059 billion; and total property and casualty accounts is more than 47,000.
• Federated Life Insurance Company saw a total collected premium of $338 million, $3.05 billion in assets, and $817 million in capital and surplus.
• Federated was rated A+ (Superior) by insurance industry analyst A.M. Best® for the 27th consecutive year.
• Federated was named to the 2025 Ward’s 50® group of top performers for property-casualty and life-health.
• The 2025 Federated Challenge® raised a record-breaking $4,945,000 for Minnesota’s three Big Brothers Big Sisters® agencies and Big Brothers Big Sisters of America®. Since 2005, the Federated Challenge has raised more than $62 million for youth mentoring.
• Federated was named to the 2025 National Corporate Mentoring Honor Roll in recognition of outstanding support of youth mentoring.
• An impressive $451,793 was raised through employee donations and Federated’s corporate gift during the United Way® Workplace Campaign. These funds benefit United Way organizations across the country.
• As part of Federated’s 2025 employee gift matching program, employees supported more than 200 charitable programs across the nation, resulting in $130,000 in matched contributions.
• Federated earned a place on both the Forbes America’s Best-in-State Employers 2025 and Newsweek Most Admired Workplaces 2026 lists for its exceptional workplace environment.
• Federated partnered with Wallin Education Partners to award five local students from Owatonna High School with Wallin Scholarships in 2025. This was part of the company’s five-year commitment to supporting 25 students with multi-year scholarships for an investment total of $575,000.
Meeting proceedings included the re-election of current Board Members Steven Clark, James Giesler, Sarah Person, and Camelia Clarke for additional three-year terms.
“We are in a strong financial position,” Lower said. “As a mutual company, this financial strength allows us to reinvest in products, risk management services, innovative technology, and our Direct Client Service Model, which enables us to provide face-to-face service to clients across the country. Our future, our clients’ future, and our association partners’ future have never been brighter.”
About Federated Insurance:
Founded in 1904, Federated Mutual Insurance Company is a national insurance and risk management organization that supports the property, casualty, and life insurance needs of clients in select industries. The organization has more than 500 recommendations from local, state, regional, and national associations and buying groups and is rated A+ (Superior) by industry analyst A.M. Best®.
At Federated Insurance, It’s Our Business to Protect Yours.®
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