If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> Annual Report<br /> 7<br /> I<br /> T’S OUR<br /> BUSINESS<br /> TO PROTECT<br /> YOURS®<br /> I<br /> t’s Our Business to Protect Yours®<br /> As we reflect on 2017, we are reminded<br /> that our business is fragile, our business<br /> is unpredictable, and our business is<br /> vitally essential. This volatile year of<br /> hurricanes, earthquakes, wild fires, and<br /> auto crashes challenged and disrupted<br /> clients throughout the country. 2017<br /> will go down as the insurance industry’s<br /> worst catastrophe year on record. It is in<br /> times like this that we fully understand<br /> why we exist. The vital protection we<br /> provide allowed us the great privilege of<br /> repairing, rebuilding, and re-igniting the<br /> American dreams of our valued business<br /> owner clients.<br /> Despite these unprecedented natural<br /> disasters, 2017 was a very good year<br /> for Federated. This year completes the<br /> most successful five-<a title="Annual Report page 1" href="http://viewer.zmags.com/publication/c111e038?page=1"> Annual Report 7 I T’S OUR BUSINESS TO PROTECT Y</a> <a title="Annual Report page 2" href="http://viewer.zmags.com/publication/c111e038?page=2"> I t’s Our Business to Protect Yours® As we refle</a> <a title="Annual Report page 3" href="http://viewer.zmags.com/publication/c111e038?page=3"> Federated Insurance employees take pride in our m</a> <a title="Annual Report page 4" href="http://viewer.zmags.com/publication/c111e038?page=4"> Employees from Federated’s national headquarters </a> <a title="Annual Report page 5" href="http://viewer.zmags.com/publication/c111e038?page=5"> IT’S OUR BUSINESS To Protect Yours 5</a> <a title="Annual Report page 6" href="http://viewer.zmags.com/publication/c111e038?page=6"> Our business is Specialized We do not attempt to</a> <a title="Annual Report page 7" href="http://viewer.zmags.com/publication/c111e038?page=7"> Tire Dealers Auto Service & Repair Funeral Se</a> <a title="Annual Report page 8" href="http://viewer.zmags.com/publication/c111e038?page=8"> Our business is Built on Association Relationship</a> <a title="Annual Report page 9" href="http://viewer.zmags.com/publication/c111e038?page=9"> “The Federated people are top notch and are sprea</a> <a title="Annual Report page 10" href="http://viewer.zmags.com/publication/c111e038?page=10"> Our business is Direct Developing unparalleled e</a> <a title="Annual Report page 11" href="http://viewer.zmags.com/publication/c111e038?page=11"> s Service Offices* s Field Staff s Personnel </a> <a title="Annual Report page 12" href="http://viewer.zmags.com/publication/c111e038?page=12"> Our business is Strong and Growing More than a c</a> <a title="Annual Report page 13" href="http://viewer.zmags.com/publication/c111e038?page=13"> Consolidated Balance Sheets in thousands 201</a> <a title="Annual Report page 14" href="http://viewer.zmags.com/publication/c111e038?page=14"> 2017 Records Set 6,213 New Property and Casualty</a> <a title="Annual Report page 15" href="http://viewer.zmags.com/publication/c111e038?page=15"> TO PROTECT YOURS It’s Our Business</a> <a title="Annual Report page 16" href="http://viewer.zmags.com/publication/c111e038?page=16"> to protect your It’s our business Company and E</a> <a title="Annual Report page 17" href="http://viewer.zmags.com/publication/c111e038?page=17"> The Federated Insurance Risk Management Academy (</a> <a title="Annual Report page 18" href="http://viewer.zmags.com/publication/c111e038?page=18"> to protect your It’s our business Company and E</a> <a title="Annual Report page 19" href="http://viewer.zmags.com/publication/c111e038?page=19"> 1,000,000+ Received the Drive S.A.F.E. </a> <a title="Annual Report page 20" href="http://viewer.zmags.com/publication/c111e038?page=20"> to protect your It’s our business Company and E</a> <a title="Annual Report page 21" href="http://viewer.zmags.com/publication/c111e038?page=21"> Introduced in 2017, TrainingToday is a learning m</a> <a title="Annual Report page 22" href="http://viewer.zmags.com/publication/c111e038?page=22"> to protect our It’s our business Friends and Nei</a> <a title="Annual Report page 23" href="http://viewer.zmags.com/publication/c111e038?page=23"> 7,525,000+ Billboard Views </a> <a title="Annual Report page 24" href="http://viewer.zmags.com/publication/c111e038?page=24"> to protect your It’s our business Industries W</a> <a title="Annual Report page 25" href="http://viewer.zmags.com/publication/c111e038?page=25"> Grocers Roundtable Input Meeting Several prestigi</a> <a title="Annual Report page 26" href="http://viewer.zmags.com/publication/c111e038?page=26"> to protect your It’s our business Legacy There</a> <a title="Annual Report page 27" href="http://viewer.zmags.com/publication/c111e038?page=27"> Life & Disability Income Benefits Paid</a> <a title="Annual Report page 28" href="http://viewer.zmags.com/publication/c111e038?page=28"> to protect our It’s our business Communities </a> <a title="Annual Report page 29" href="http://viewer.zmags.com/publication/c111e038?page=29"> Employee volunteers at the Owatonna Pack did thei</a> <a title="Annual Report page 30" href="http://viewer.zmags.com/publication/c111e038?page=30"> It’s our honor to Serve You Board</a> <a title="Annual Report page 31" href="http://viewer.zmags.com/publication/c111e038?page=31"> Executive Staff Jeffrey E. Fetters Chairman and C</a> <a title="Annual Report page 32" href="http://viewer.zmags.com/publication/c111e038?page=32"> Our Mission As a mutual insurance company, we be</a>