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      Federated Insurance

      Engaged Employer

      Federated Insurance reviews

      4.6

      94% would recommend to a friend

      (390 total reviews)
      avatar

      Nicholas Lower

      98% approve of CEO

      93% positive business outlook

      Ratings by demographic groups

      Federated Insurance has an employee rating of 4.6 out of 5 stars, based on 390 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Federated Insurance employee rating is 27% above average for employers within the Insurance industry (3.6 stars).

      Reviews by job title

      390 reviews
      1.0
      Nov 5, 2018

      Marketing Representative

      Marketing representative
      Recommend
      CEO approval
      Business Outlook

      Pros

      Meet fantastic people and work with successful business owners everyday. Phenomenal training and education. Perhaps the best in the entire insurance industry. This is one the best entry jobs into high level sales you can find. Long term career as a marketing rep is left solely for masochists.

      Cons

      Federated cares little for its employees or its clients. This is proven by the constant do more with less attitude and never ending renewal increases on all accounts even those without losses. If you aren't working 80+ hrs a week as a marketing rep you're wrong. On top of the grueling hours and lack of support they do everything they can to derail successful people from being even more successful by awful inside practices. MR's literally cannot trust their inside partners to get the job done right. Reps have to micromanage every little detail of your position which takes them away from what they do best, selling. Federated does a good job of brain washing their sales force into believing that Federated is the best company out there and all other insurance agents/carriers are inferior. My first year out of Federated and I've made more money than my best year at Federated working with just as good if not better carriers than Federated. Every successful person at Federated who has left talks about how happy they now are and how much better off they are as a person. Federated's motto is Faith, Family, Federated but if any manager ever followed this motto I'd be surprised. You support your family by working day and night with zero time for husband/wife/kids/family/friends. My best friend lives 35 mins from me and I saw him only 5 times in over 7 years. Use this company as a starting point for a high end sales job and you'll find yourself shooting up the charts! Stay here and you'll likely become bitter and angry from the huge loads of stress and lack of work/life balance.

      3.0
      Aug 4, 2015

      Marketing Rep

      Marketing representative
      Recommend
      CEO approval
      Business Outlook

      Pros

      Flexibility is huge , benefits, earning potential, great people, training, stable, great for fresh graduates and sales people making less than 60k who want a change. They truly do promote only from within, just sell a lot of life insurance or you are out !

      Cons

      They make you drink the kool aid by the gallons here!! The adds out there and materials saying the average rep makes 165k are skewed. Also Salary being 100k for the currently posted Wisconsin openings are untrue , I am not sure how they can even post that. The salary is 50k plus commission do you really think the average rep makes 100k commission?? The average rep in certain areas where they are expanding will make great money due to low rates, ask to see what the reps in the area you are applying for make. They have a report that comes out every month showing all the reps in the district ask to see it and you get the real numbers . There are reps making high six figures that throw off the scales for the whole country, and new reps in expansion areas make the real money not in established areas. If you are not excited about selling 40k a year in life insurance you will fail, if you don't meet life insurance sales goals you will be need a new job in 2 years.

      4.0
      Nov 7, 2021

      Great place to work if you're the right kind of person for the present culture

      Systems developer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Competitive salary when adjusted for cost of living in Owatonna. Excellent benefits (e.g., fully funded pension which could cover a modest retirement even without adding your own savings, extremely cheap health insurance with solid coverage compared to most places). Flexible schedule, as long as it doesn't include remote work. Great sense of community and purpose. Insurance is important work and Federated does it well. Mutual company (owned by customers, no shareholders to kowtow to). Almost without exception, people are friendly, helpful, honest, and easy to get along with. Good opportunities for internal advancement and lateral moves, if you get tired of what you're doing and want to try something new. High stability. People always need insurance and Federated is in a solid financial position. As long as you do your work and nothing cataclysmic happens, you'll be able to spend your entire career at Federated, and many people do. Training program is perfect for people right out of school with no industry experience yet – several months paid adapting to corporate life and figuring out how to put your education into action. Day-to-day work is mostly well-defined and the right level of difficulty. Some opportunities to innovate if you are adventurous enough to go against the grain.

      Cons

      Leadership is deeply out of touch with the twenty-first-century workplace and sometimes dysfunctional. Common sense has been repeatedly ignored during COVID for vaguely defined “culture” reasons, getting employees sick. Absolutely no willingness to consider any kind of remote work, even in the face of losing most of the company's best talent. Frustrating lack of transparency and paternalistic attitude toward employees. Management often approves proposals and then makes employees defend them again mid-implementation. Lack of diversity. Leadership is almost entirely white men and other staff isn't too much different. Granted, it's tough to build a diverse workplace in small-town southern Minnesota, but still frustrating and a significant weakness in perspective. Conservative and reluctant to change. Technology stack badly out of date in some places (but catching up or even excellent in others). Probably not worse than an average financial services company. Many positions in the IS department involve less “development” and technical work and more configuration, maintenance and administration than you might expect from the job title; some are very far on this side of the continuum. When starting in the training program it is impossible to know what type your placement will be because most hires are not made for a specific position. (That said, historically they seem to be good at matching people to positions that fit them well.) Expectations for work hours are varied and unpredictable. Some departments and teams work ~40-hour weeks indefinitely, others have significantly higher expectations or mandatory overtime for years in a row. Mediocre project and work management. Limited social opportunities in Owatonna for people without a family. If you want to live somewhere else, you'll be spending a lot of time in the car.

      Viewing 13 - 15 of 390 Reviews
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      ReviewsFederated Insurance reviews

      Glassdoor has 405 Federated Insurance reviews submitted anonymously by Federated Insurance employees. Read employee reviews and ratings on Glassdoor to decide if Federated Insurance is right for you.