Fireman's Fund Insurance Company began in 1863, in San Francisco, and our name reflects our colorful beginnings.
We were named for an arrangement in which we paid 10 percent of our profits to widows and orphans of firefighters - a social mission that we continue today, through our Fireman's Fund Heritage program, provides millions of dollars in grants for equipment, training and educational programs to fire departments across the country. Our history illustrates our company values--innovative, dependable, and courageous.
These financial ratings, assigned by respected independent sources, provide strong assurances of our financial stability and long-term health.
- Excellent (A) rating from the A.M. Best Company
- Very Strong (AA-) rating from Standard & Poor's
- Good (A2) from Moody's
Since the rating agency's role is to inform policyholders about the ability of companies to pay claims, both short-term and long-term, it's important to our business that we consistently be an "A" rated company. The major rating agencies are A.M. Best, Moody's and Standard & Poor's, each with its own coding system. And in each case, our ratings are among the highest ranking levels.
Allianz SE of Munich, Germany acquired Fireman's Fund Insurance Company in 1991. Allianz is the world's largest provider of property and casualty insurance based on market capitalization and total revenues as of August 1, 2008. As of December 31, 2007, Fireman's Fund had statutory assets of $11.8 billion, with $2.9 billion in policyholder statutory surplus. Since our acquisition by Allianz in 1991, Fireman's Fund Insurance Company's gross written premiums have grown from just over $3 billion in 1992 to $5.9 billion in 2007.
Fireman's Fund Insurance Company files statutory accounting information on our financial performance each year in the states where we offer insurance. This same information is available to agents, customers and members of the public.