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Farmers Completes Acquisition of MetLife Auto & Home Business for $3.9 Billion April 8, 2021 Zurich Insurance and Farmers Exchanges have closed on buying MetLife’s U.S. property/casualty business for $3.94 billion. The business acquired includes 2.4 million MetLife Auto & Home policies, $3.6 billion of net written premiums (2019) and 3,500 employees, according to Zurich. The deal provides the Farmers brand an opportunity to gain more of a national presence and strengthen its position a major personal lines carriers in the U.S. Jeff Dailey, chief executive officer for Farmers Group, called the deal a “milestone” in his company’s nearly 100-year history. He said Farmers-branded products will now be available nationwide, “providing consumers from coast to coast with more choices and opportunities to engage with Farmers when shopping for auto and home coverage.”

Mario grecoMichel khalafJeff daileyMetlife us groupFarmers insurance group of companiesTruck insurance exchangeFarmers groupFire insurance exchangeFarmers group incFarmers insurance exchangeZurich financial servicesZurich insuranceFarmers exchangesMetlife autoChief executive officer mario grecoLife president