History

The Center Mutual Insurance Company story began in 1911 when a group of 83 farmers in Pierce and          McHenry counties formed the Farmers Mutual Storm Cyclone and Tornado Insurance Company.  The company reorganized in 1915 and eventually became known as the Farmers Mutual Insurance Company of Rugby.  In 1957, the company acquired the Benson County Farmers Mutual Fire and Lightning Insurance Company.  

The Farmers Mutual Insurance Company of Rugby continued to progress and grow, operating as a county mutual.  By law a county mutual was restricted to writing rural risks in a ten county area.  To allow for further growth,  a merger was arranged with a domestic mutual insurance company, and in 1969, the name Center Mutual Insurance Company was adopted.  In 1970, the company acquired the Farmers Mutual Insurance Company of Wells County.

In 1982, Center Mutual expanded into South Dakota, at which time the company enjoyed a steady growth until the introduction of personal automobile insurance in 1984.  Since then the premiums written and number of policies issued have increased dramatically. 

Center Mutual's premium volume increased from $300,000 in 1970, to about  $28,000,000 in 2005.  In 2006, the company showed assets of over $32,000,000 and surplus of over $14,500,000.

Center Mutual has 35 employees and services over 30,000 insurance policies.