Last Updated: November 8, 2024
Information on the Acquisition of Control of Badger Mutual Insurance Company by Rural Mutual Insurance Company Through an Affiliation Agreement
On September 30, 2024, Rural Mutual Insurance Company (Rural, the “Applicant”) submitted a Form A filing on behalf of Rural and Badger Mutual Insurance Company (Badger, the “Domestic Insurer”). The purpose of the Form A filing related to the proposed acquisition of control of Badger by Rural through an affiliation agreement. The affiliation will occur as described in the affiliation agreement dated September 25, 2024, and the company proposes an effective date of January 1, 2025.
Filings
- Transmittal Letter
- Form A Filing
- Affiliation Agreement – Redacted [UNDER REVIEW]
- Affiliation Agreement – Unredacted [CONFIDENTIAL]
- Pre-Transaction Organizational Chart
- Post-Transaction Organizational Chart
- Lists of Directors and Executive Officers of Rural Mutual
- Lists of Proposed Directors and Executive Officers of Badger
- Audited Financial Statements of Rural Mutual for the Years Ended December 31, 2023 and 2022
- Audited Financial Statements of Rural Mutual for the Years Ended December 31, 2022 and 2021
- Audited Financial Statements of Rural Mutual for the Years Ended December 31, 2021 and 2020
- Audited Financial Statements of Rural Mutual for the Years Ended December 31, 2020 and 2019
- Audited Financial Statements of Rural Mutual for the Years Ended December 31, 2019 and 2018
- Audited Financial Statements of Badger Mutual for the Years Ended December 31, 2023 and 2022
- Audited Financial Statements of Badger Mutual for the Years Ended December 31, 2022 and 2021
- Audited Financial Statements of Badger Mutual for the Years Ended December 31, 2021 and 2020
- Audited Financial Statements of Badger Mutual for the Years Ended December 31, 2020 and 2019
- Audited Financial Statements of Badger Mutual for the Years Ended December 31, 2019 and 2018
- Quarterly Statement for Rural Mutual as of June 30, 2024 [CONFIDENTIAL]
- Quarterly Statement for Badger Mutual as of June 30, 2024 [CONFIDENTIAL]
- Rural Mutual Bylaws
- Rural Mutual Articles of Incorporation
- Directors and Executive Officers Biographical Affidavits [CONFIDENTIAL]
- Financial Projections of the Domestic Insurer [CONFIDENTIAL]
- Business Plan [CONFIDENTIAL]
Hearing Documents
- Notice of Hearing Notification
- Notice of Hearing
- List of Exhibits
- Recommendation Memo
Proposed Decision
- Proposed Decision Notification
- Proposed Decision
- Waiver of Right to Object – Domestic Insurer
- Waiver of Right to Object – Applicant
Final Decision
- Final Decision Notification
- Final Decision