Wisconsin Mutual Insurance Company

Wisconsin Mutual Insurance Company
8201 Excelsior Dr
Madison, WI 53717
(608) 836-4663

The Wisconsin Mutual Insurance Company was founded in 1903, and was originally named the Wisconsin Tornado Mutual Insurance Company. The company was first situated at Milton, Wisconsin, and in 1946, moved operations to Madison. It was also in 1946 that the company changed its name to what it is currently known as. After 32 years of operating in Madison, in 1990, the company relocated to their current office in Old Sauk Trails Park, 8201 Excelsior Drive. In 1990, it was restructured as a mutual company, and is fully owned by its policy holders.

Aside from being one of the most reputable companies for personal auto, homeowner and farmowner coverage, Wisconsin Mutual also provides a variety of other services. They also provide fire and extended coverage, commercial packages, mobile homeowner, umbrella and other liability coverages; this also includes boats, recreational vehicles and other personal inland marine items. For further information or for a quote, individuals may contact one of their independent insurance agents. The company utilizes more than 1,000 agents in 200 agencies. They provide business only in the state of Wisconsin. With policies written in every county, they insure 36,000 properties and 65,000 automobiles. Their 6 adjuster offices can be found throughout the state. These adjuster offices and the Madison home office are where all, albeit a few, of the claims are handled. Additionally, a small amount of the company’s business is taken from marketing through affinity groups.

Claims should be dealt with your insurance agent. A proper loss report will be completed and submitted to the claims department, and if the agent cannot be easily reached, the company’s home office should be contacted. An Emergency Claim Service Line is also provided in the circumstance of an urgent situation during non-office hours. Two claim programs are offered: the Auto Glass Repair/Replacement Program and the Direct Repair Program.

Policyholders can easily access a password-protected page on the company’s website in order to be able to pay online, view policy details, and other various sections. After registering, payment can be done immediately– no processing time is needed. Their website also contains a compilation of agent contact information, providing a list of agencies that can be found throughout the counties of Wisconsin.

Aside from providing the public with excellent service, the company is also an equal opportunity employer, offering many benefits to their employees. To name a few, this includes health insurance and life insurance. For interested individuals, contact information can easily be found on their website.

There are more than 250 insurance companies in Wisconsin, and Wisconsin Mutual ranks 14th in direct written premiums. The company’s direct premiums have increased in 31 out of the past 33 years, demonstrating an extended period of consistent growth. Aside from this, they rank 9th in Homeowner premiums and 14th in Farmowner premiums. The company’s AM Best financial strength rating remains at A-, bestowing a stable vision as their financial ratios improved over the year of 2009.

At of the end of 2009, the company posted a net income of $7,784, 979 (before Federal taxes). That year ended with a combined ratio of 93.3% and a surplus growth of 18%. As the company reached its 17th year in a row of surplus growth, profitability has been exceptional. Admitted assets rose to $97.9 million from $87.7 million in 2009. Also in the year of 2009: admitted assets, surplus, key financial ratios and agency contingent commissions reached record levels.

Wisconsin provides individuals with competitively priced, comprehensives products — and this is what the company takes pride in. As they provide the people with excellent service, the company continues to evolve in this constantly changing environment.