Madison,
21
May
2018
|
05:00 PM
America/Chicago

American Family moves up four spots in Fortune 500 rankings

Summary

American Family has moved to 311 on the Fortune 500 list. This continues our steady rise up the rankings in recent years, having moved up 82 spots from 393 in 2013.

American Family has moved to 311 on the Fortune 500 list, up four spots from last year. This continues our steady rise up the rankings in recent years, having moved up 82 spots from 393 in 2013.

Fortune bases its rankings on total revenues, including earned premium, investment income, net realized capital gains and other income.

Dan Kelly, chief financial officer“Our financial strength positions us for growth opportunities now and in the future,” says Dan Kelly, chief financial officer. “Our strong equity allows us to take care of our customers while continuing to invest in new technologies, our agents and employees, and the communities we serve.”

The Fortune 500 ranking requires the use of Generally Accepted Accounting Principles (GAAP). American Family first used GAAP in 1996, and first appeared on the Fortune 500 list at No. 403 in 1997.

In total, Fortune 500 companies represent two-thirds of the U.S. Gross Domestic Product with $12.8 trillion in revenues, $1 trillion in profits and $21.6 trillion in market value, and employ 28.2 million people worldwide.

###

About American Family Insurance

Madison, Wisconsin-based American Family Insurance group is the nation's 13th-largest property/casualty insurance group and ranks No. 311 on the Fortune 500 list. The company sells American Family-brand products, including auto, homeowners, life, business and farm/ranch insurance, primarily through its exclusive agents in 19 states. American Family affiliates (The General and Homesite) also provide options for consumers who want to manage their insurance matters directly over the internet or by phone. Web www.amfam.com; Facebook www.facebook.com/amfam; Twitter www.twitter.com/amfam.