<br />
2024 ANNUAL REPORT<br />
A Mutual Benefit for 120 Years<br />
2024 ANNUAL REPORT<br />
A Mutual Benefit for 120 Years<br />
Federated Insurance<br />
Mission<br />
As a mutual insurance company,<br />
we believe our value is measured<br />
by the success of our clients.<br />
It’s Our Business to Protect Yours®<br />
In the midst of devastating hurricanes, fires, nuclear<br />
verdicts, dangerous roadways, and other hazards<br />
that threatened businesses in 2024, Federated<br />
Insurance® remained a steadfast source of critical<br />
support and comfort for the 47,000+ clients<br />
who trust us to help protect their life’s work.<br />
Day in and day out, we proudly served these<br />
clients with a level of care, responsiveness, and<br />
expertise rarely found today. We bolstered the<br />
financial strength that allows us to equitably<br />
pay claims and invest in the impactful risk<br />
management support clients need to succeed<br />
in th<a title="2024 Annual Report_Zmags page 1" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=1"> 2024 ANNUAL REPORT A Mutual Benefit for 120 Year</a>
<a title="2024 Annual Report_Zmags page 2" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=2"> 2024 ANNUAL REPORT A Mutual Benefit for 120 Year</a>
<a title="2024 Annual Report_Zmags page 3" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=3"> Federated Insurance Mission As a mutual insuranc</a>
<a title="2024 Annual Report_Zmags page 4" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=4"> In the midst of devastating hurricanes, fires, nu</a>
<a title="2024 Annual Report_Zmags page 5" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=5"> WEATHERING THE STORM Rebuilding a Legacy Through </a>
<a title="2024 Annual Report_Zmags page 6" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=6"> Meekhof Tire Sales and Service, Inc. | Grand Rapi</a>
<a title="2024 Annual Report_Zmags page 7" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=7"> “Federated stayed with us through the entir</a>
<a title="2024 Annual Report_Zmags page 8" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=8"> Meekhof Tire Sales and Service, Inc. | Grand Rapi</a>
<a title="2024 Annual Report_Zmags page 9" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=9"> PASSING THE TORCH Preserving a Legacy for the Nex</a>
<a title="2024 Annual Report_Zmags page 10" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=10"> All Seasons Automotive, LLC | North Liberty, Iowa</a>
<a title="2024 Annual Report_Zmags page 11" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=11"> actionable steps. That’s where Antwain Strong, th</a>
<a title="2024 Annual Report_Zmags page 12" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=12"> All Seasons Automotive, LLC | North Liberty, Iowa</a>
<a title="2024 Annual Report_Zmags page 13" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=13"> HIDING IN PLAIN SIGHT Preventing Risks to Keep Ev</a>
<a title="2024 Annual Report_Zmags page 14" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=14"> DuPRIEST POP | Dallas, Texas </a>
<a title="2024 Annual Report_Zmags page 15" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=15"> AJ and Shrey’s pride and care for their business.</a>
<a title="2024 Annual Report_Zmags page 16" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=16"> DuPRIEST POP | Dallas, Texas “</a>
<a title="2024 Annual Report_Zmags page 17" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=17"> DRIVING CHANGE Preventing Risks to Keep Everyone </a>
<a title="2024 Annual Report_Zmags page 18" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=18"> GSM Services, Inc. | Gastonia, North Carolina </a>
<a title="2024 Annual Report_Zmags page 19" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=19"> “Making the world a better place means everythi</a>
<a title="2024 Annual Report_Zmags page 20" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=20"> GSM Services, Inc. | Gastonia, North Carolina </a>
<a title="2024 Annual Report_Zmags page 21" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=21"> Risk Management In 2024, Federated continued to</a>
<a title="2024 Annual Report_Zmags page 22" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=22"> Businesses are Driving Safer with Federated Drive</a>
<a title="2024 Annual Report_Zmags page 23" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=23"> Fighting Fire with Fire ... Prevention Fire losse</a>
<a title="2024 Annual Report_Zmags page 24" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=24"> Lithium-Ion Batteries: Lithium-ion batteries cont</a>
<a title="2024 Annual Report_Zmags page 25" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=25"> Association and Buying Group Partnerships Our p</a>
<a title="2024 Annual Report_Zmags page 26" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=26"> Keeping SC Fueled </a>
<a title="2024 Annual Report_Zmags page 27" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=27"> INEDA and Federated Insurance: A 70-Year Partners</a>
<a title="2024 Annual Report_Zmags page 28" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=28"> MPCA and Federated Insurance: More than Six Decad</a>
<a title="2024 Annual Report_Zmags page 29" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=29"> Company Culture Federated Historical Museum: Hon</a>
<a title="2024 Annual Report_Zmags page 30" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=30"> Members of the Diversity & Inclusion Team. D&I P</a>
<a title="2024 Annual Report_Zmags page 31" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=31"> Quarter Century Club The 1962</a>
<a title="2024 Annual Report_Zmags page 32" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=32"> Recognizing our Employees This year, we celebrate</a>
<a title="2024 Annual Report_Zmags page 33" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=33"> Community Impact While our mission has always </a>
<a title="2024 Annual Report_Zmags page 34" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=34"> The Power of the United Way® Employees raised an</a>
<a title="2024 Annual Report_Zmags page 35" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=35"> Volunteer Spirit Federated teams dedicated thousa</a>
<a title="2024 Annual Report_Zmags page 36" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=36"> Honoring Those Who Serve Federated demonstrated d</a>
<a title="2024 Annual Report_Zmags page 37" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=37"> Leadership Team 34 A Mutual Benefit for 120 Y</a>
<a title="2024 Annual Report_Zmags page 38" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=38"> Board of Directors Camelia Clarke President and</a>
<a title="2024 Annual Report_Zmags page 39" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=39"> Financial Strength Consolidated Balance Sheets i</a>
<a title="2024 Annual Report_Zmags page 40" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=40"> Consolidated Statements of Income and Surplus Cha</a>
<a title="2024 Annual Report_Zmags page 41" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=41"> s 38 A Mutual Benefit for 120 Year</a>
<a title="2024 Annual Report_Zmags page 42" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=42"> A Commitment to Financial Strength and Stability </a>
<a title="2024 Annual Report_Zmags page 43" href="https://secure.viewer.zmags.com/publication/5f63e9ed?page=43"> This publication is for general information onl</a>