Mountain West Farm Bureau Mutual Insurance Company To Join Idaho Farm Bureau Insurance Holding Company
Farm Bureau Insurance Company of Idaho’s Home Office in Pocatello, Idaho
The Boards of Directors of Mountain West Farm Bureau Mutual Insurance Company and IFB Mutual Insurance Holding Company have approved a strategic transaction to merge Mountain West into IFB Mutual Insurance Holding Company, the parent company of Farm Bureau Insurance Company of Idaho.
This transaction strengthens the Farm Bureau family of companies, enhancing our competitive position, financial strength, and long-term stability. Upon completion of the merger, Mountain West will be converted into a stock insurance company wholly owned by IFB Mutual Insurance Holding Company. Mountain West will continue to do business under its current brand in the states it serves today.
The combined organization will support policyholders across five states—Idaho, Washington, Montana, Wyoming, and Colorado—serving more than 130,000 members with over $800 million in annualized premium. Together, more than 450 employees and 250 local agents and their team members will continue serving Farm Bureau members and communities across this expanded geography.
“This merger positions us for long-term success, creating efficiencies and growth opportunities while reinforcing our strong capital position,” said Todd Argall, CEO of IFB Mutual Insurance Holding Company and Farm Bureau Insurance Company of Idaho. “Together, we are stronger, and better prepared to serve our members today and into the future.”
“The Farm Bureau family of companies has a long history of strong partnerships,” said Jim Geesey, President and CEO of Mountain West Farm Bureau Mutual Insurance Company. “The close proximity of our geographies and the alignment of our missions and cultures make Idaho Farm Bureau a natural fit for us. This new partnership will continue to strengthen the brand across our territories, support the growth of both organizations, and have a positive impact on the communities we serve for generations to come.”
The merger process will take approximately four months and is subject to regulatory approval.
Both companies—each with more than 75 years of service to members—look forward to combining their strengths while maintaining their strong local roots and commitment to policyholders.
About Mountain West Farm Bureau Mutual Insurance Company
Mountain West Farm Bureau Mutual Insurance Company has been serving communities across the state of Wyoming since 1948. The company was founded by the Wyoming Farm Bureau Federation to provide insurance for the Ag producers in Wyoming and was headquartered in Laramie, Wyoming. In 1958, a partnership was born to do the same for the Ag community in Montana. In its more recent history, in 2011, the company expanded its footprint to include Colorado through a subsidiary company, 360 Insurance.
True to its roots, Mountain West continues to be the number one writer of farm and ranch insurance in the state of Wyoming, and in the top four within Montana.
Mountain West is proud to serve clients across Wyoming, Montana and Colorado through nearly 100 agents in the communities across the states. Leveraging decades of experience and a dedicated team of employees and field staff, to deliver personalized service to protect members and insureds when they need it most.
About IFB Mutual Insurance Holding Company
IFB Mutual Insurance Holding Company is the parent of Farm Bureau Insurance Company of Idaho and its affiliate, Western Community Insurance. Since 1947, Farm Bureau Insurance Company of Idaho has helped protect families, farms, and businesses. As its parent, IFB Mutual Insurance Holding Company supports that mission and builds long-term financial strength and operational excellence across all of its companies.
IFB Mutual Insurance Holding Company’s operating affiliates—including Farm Bureau Insurance Company of Idaho—are recognized for performance, with Ward’s Top 50 honors, an A (Excellent) Financial Strength Rating from AM Best, and top-five placements on the Best Places to Work in Idaho list. For more information, visit: www.idahofarmbureauinsurance.com and www.westerncommunityinsurancecompany.com.
