UPDATE: Jeff Dailey served as Chairman, President & CEO of Farmers Group, Inc. from 2012 to 2022. He retired effective January 1, 2023, and was succeeded by Raul Vargas. Read about current Farmers Insurance CEO Raul Vargas →
Jeffrey (Jeff) Dailey served as Chairman, President, and Chief Executive Officer of Farmers Group, Inc., a wholly owned subsidiary of Zurich Insurance Group, from 2012 until his retirement at the end of 2022. A veteran insurance executive with more than four decades of industry experience, Dailey led one of America’s largest property and casualty insurers through a period of significant growth, including the landmark acquisition of MetLife’s Auto & Home business. Under his leadership, Farmers expanded its national footprint across all 50 states and strengthened its network of over 48,000 exclusive and independent agents serving more than 10 million households. Since retiring from Farmers, Dailey has taken on board roles at Liberty Mutual Insurance and Verisk Analytics. Below you will find details on Jeff Dailey’s net worth, salary, email address, career history, and more.
Current CEO: Raul Vargas became Farmers Insurance CEO on January 1, 2023. Read the full Raul Vargas profile →
Suggested: State Farm CEO Email & Net Worth – Jon Farney
Quick Facts About Jeff Dailey
| Detail | Information |
|---|---|
| Full Name | Jeffrey (Jeff) Dailey |
| Title (Former) | Chairman, President & CEO, Farmers Group, Inc. |
| Tenure as CEO | 2012 – 2022 |
| Current Roles | Board Member, Liberty Mutual Insurance; Board Member, Verisk Analytics |
| Hometown | Detroit, Michigan |
| Residence | Los Angeles, California |
| Education | B.S. Economics, University of Wisconsin–Madison; MBA, University of Wisconsin–Milwaukee |
| Est. Net Worth | $55–65 million (2026 estimate) |
| Company HQ | Los Angeles, CA (Exchanges); Woodland Hills, CA (Group) |
| Parent Company | Zurich Insurance Group (Switzerland) |
Farmers Insurance Competitors
Farmers Insurance Group ranks among the top property and casualty insurers in the United States. The company faces stiff competition from other large multi-line insurers in both personal and commercial lines. Here are the key competitors:
- State Farm – The largest P&C insurer in the U.S. with $109 billion in direct premiums written (2024)
- Allstate – A leading personal lines carrier with $55.9 billion in premiums written (2024)
- Liberty Mutual – A diversified global insurer writing $44.1 billion in DPW (2024)
- Progressive – One of the fastest-growing auto insurers in the country
- GEICO (Berkshire Hathaway) – The second-largest auto insurer in the U.S.
- USAA – Serves military families with highly rated auto and home insurance
- Nationwide – A diversified insurer and financial services company
- Travelers – A leader in commercial property casualty insurance with $41.9 billion in DPW (2024)
Related: Progressive CEO Email & Net Worth – Tricia Griffith
Jeff Dailey Net Worth – Farmers Insurance CEO Salary
As of 2026, Jeff Dailey’s net worth is estimated at $55–65 million. This estimate accounts for his long tenure as a senior insurance executive, including more than a decade as CEO of one of America’s largest insurance organizations. In addition to his accumulated compensation from Farmers, Dailey holds publicly disclosed equity positions including approximately 3,962 shares of Verisk Analytics (VRSK), and collects board fees from both Liberty Mutual and Verisk.
| Year | Role | Total Compensation |
|---|---|---|
| 2022 | Chairman, President & CEO | ~$7.98 million |
| 2021 | Chairman, President & CEO | ~$8.0 million |
| 2020 | Chairman, President & CEO | ~$7.08 million |
| 2023–Present | Board Member (Liberty Mutual, Verisk) | Board fees + equity |
Key Insight: Dailey’s compensation figures, reported to the Nebraska Department of Insurance, may underrepresent his actual earnings since they can exclude compensation paid through affiliated insurers within the Zurich group. His total career earnings at Farmers are estimated to exceed $80 million over his 15-year tenure.
Farmers Insurance Net Worth – Company Financials
Farmers Insurance Group is the trade name for several affiliated insurers managed by Farmers Group, Inc. The Farmers Exchanges are among the largest property and casualty insurance groups in the United States, serving more than 10 million households with over 19 million individual policies. In 2024, the company achieved a significant turnaround, restoring profitability with a combined ratio of 90.0%, a dramatic improvement from 106.3% in 2023.
| Financial Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Gross Premiums Written | $27.4 billion | $28.4 billion | +3.7% |
| Net Premiums Written Growth | — | +$1.21 billion | +6.6% |
| Combined Ratio | 106.3% | 90.0% | -16.3 pts |
| Net Investment Income | $1.32 billion | $913.7 million | -$403M |
| Employees | ~21,000 | ~21,000 | — |
| Agents (Exclusive + Independent) | 48,000+ | 48,000+ | — |
| Policies in Force | 19M+ | 19M+ | — |
| Credit Ratings | A (A.M. Best & S&P); A3 (Moody’s) | ||
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Jeff Dailey Email Address & Contact Information
Jeff Dailey is no longer CEO of Farmers Insurance and has retired from the company. His former corporate email was [email protected], which is likely no longer active. For current Farmers leadership inquiries, contact the company directly through its corporate website.
- Former Corporate Email: [email protected] (no longer active)
- LinkedIn: linkedin.com/in/jeffdailey1/
- Farmers Customer Service: 1-888-327-6335
- Farmers Corporate HQ: 6301 Owensmouth Avenue, Woodland Hills, CA 91367
- Farmers Website: www.farmers.com
Note: For inquiries to current Farmers Insurance leadership, please see the profile of CEO Raul Vargas, who assumed the role on January 1, 2023.
Career & Education – Jeff Dailey
Jeff Dailey’s career in the insurance industry spans more than four decades, starting from humble beginnings as a claims adjuster and rising to lead one of America’s largest insurance organizations. A native of Detroit, Michigan, he built a reputation as both an entrepreneurial operator and a strategic growth executive.
Education
- MBA – University of Wisconsin–Milwaukee
- B.S. in Economics – University of Wisconsin–Madison
Career Timeline
- Early 1980s: Began career as a claims adjuster at Mutual Service Insurance Company
- 1980s–1990s: Rose through the ranks at Progressive Insurance Company
- Mid-1990s: Founded Reliant Insurance Company, an auto insurance start-up owned by Reliant Group Holdings
- 2001: Reliant Insurance acquired by Bristol West Holdings; Dailey became COO of Bristol West
- 2004: Named President of Bristol West Holdings
- 2006: Promoted to CEO of Bristol West Holdings
- 2007: Joined Farmers Insurance when Farmers acquired Bristol West Holdings; served as Executive Vice President
- Jan 2011: Promoted to President & Chief Operating Officer of Farmers Group, Inc.
- Jan 2012: Named Chief Executive Officer of Farmers Group, Inc.
- 2012–2022: Served as Chairman, President & CEO of Farmers Group, Inc.
- Jan 2023: Retired from Farmers; succeeded by Raul Vargas
- 2023–Present: Board Member at Liberty Mutual Insurance and Verisk Analytics
Jeff Dailey Wiki – Age, Family & Personal Life
Jeff Dailey is a native of Detroit, Michigan, and currently resides in Los Angeles, California. Based on publicly available records indicating he was born around 1959–1960, he is approximately 66 years old as of 2026. Dailey keeps his personal and family life relatively private, with limited public information available about his wife and family.
Beyond his corporate career, Dailey is known for his commitment to community and disaster relief efforts. He has been actively involved with organizations focused on disaster response and management, fitting given that Farmers Insurance has a significant presence in catastrophe-prone regions. He is also an avid sports enthusiast and enjoys basketball.
Related: GEICO CEO Email & Net Worth – Nancy Pierce
About Farmers Insurance Group
Farmers Insurance Group is the trade name for a group of affiliated insurers providing auto, home, life, business, and financial services products. Founded on March 28, 1928, by John C. Tyler and Thomas E. Leavey in Los Angeles, the company was originally created to offer lower insurance premiums to farmers and ranchers, who had better driving records than urban motorists.
Today, the Farmers Exchanges are among the largest U.S. insurers, serving more than 10 million households with over 19 million individual policies across all 50 states. Farmers Group, Inc., the management company for the Farmers Exchanges, is a wholly owned subsidiary of the Swiss-based Zurich Insurance Group. The company operates through a vast network of over 48,000 exclusive and independent agents and employs approximately 21,000 people.
Farmers is rated “A” by both A.M. Best and S&P and “A3” by Moody’s, reflecting strong financial stability and a high capacity for meeting long-term obligations. The company’s 2024 turnaround restored profitability with a combined ratio of 90.0%, and it wrote $28.4 billion in gross premiums for the year.
Frequently Asked Questions
Is Jeff Dailey still the CEO of Farmers Insurance?
No. Jeff Dailey retired as Chairman, President & CEO of Farmers Group, Inc. effective January 1, 2023. He was succeeded by Raul Vargas, who currently leads the company. Dailey now serves on the boards of Liberty Mutual Insurance and Verisk Analytics.
What is Jeff Dailey’s net worth in 2026?
Jeff Dailey’s net worth is estimated at $55–65 million as of 2026. This reflects his long career as a senior insurance executive, including over a decade as CEO of Farmers Group, where his annual compensation ranged from approximately $7–8 million. He also holds equity in Verisk Analytics and receives board compensation.
What was Jeff Dailey’s salary at Farmers Insurance?
Jeff Dailey’s total compensation as CEO of Farmers Group was approximately $7.98 million in 2022, roughly $8 million in 2021, and about $7.08 million in 2020. These figures were reported to state insurance regulators and may not capture all forms of compensation from affiliated entities.
Where did Jeff Dailey go to college?
Jeff Dailey earned a Bachelor of Science degree in Economics from the University of Wisconsin–Madison and a Master of Business Administration (MBA) from the University of Wisconsin–Milwaukee.
How long was Jeff Dailey CEO of Farmers Insurance?
Jeff Dailey served as CEO of Farmers Group, Inc. from January 1, 2012, through December 31, 2022 — a total of 11 years. He initially joined Farmers in 2007 and served as President & COO starting in 2011 before being elevated to the CEO role.
Who replaced Jeff Dailey as Farmers Insurance CEO?
Raul Vargas succeeded Jeff Dailey as President & CEO of Farmers Group, Inc. effective January 1, 2023. Vargas brought more than two decades of international leadership experience with Zurich Financial Services Group, including eight years as CEO of Zurich Santander Insurance America.
Article last updated:March 2026March 2, 2026
All information compiled from publicly available sources including state insurance regulatory filings, corporate press releases, and verified news reports. Net worth and compensation figures are estimates and may vary by source.
Last updated: March 2, 2026