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Biographical Sketch
Philip P. Weber
Philip P.Weber is President and Chief Executive Officer of Farm Family
Life Insurance Company and United Farm Family Insurance Company. He has
served in this capacity for the past 11 years.
Mr. Weber has been agent, field manager, state agency manager, Senior
Vice President -Marketing and Senior Vice President - Operations. Since
he has been a member of senior management, surplus has increased by 400
percent in both the Life and Casualty Companies. Farm Family Casualty
has increased its earned premium revenue from $65 million to $188 million.
In addition, Farm Family Life Insurance Company has increased its premium
life insurance revenue from $23 million to $38 million.
In 1996 Farm Family Casualty Company became a public company, known as
Farm Family Holding, Inc. In 1999, Farm Family Holdings acquired Farm
Family Life Insurance Company. This acquisition added life insurance,
annuities and disability income products to Farm Family Holdings product
portfolio. Farm Family Holdings' total assets now approximate $1.3 billion.
Under Mr. Weber's guidance, a variety of programs were instituted to manage
costs and align management's interests with those of the stockholders.
The Company has positioned itself to make use of opportunities presented
in the rapidly evolving financial services industry and enlarged its distribution
channels to include Maryland and Pennsylvania.
In April of this year Mr. Weber orchestrated a merger with American National
Insurance Company, a life, casualty and financial services, company headquartered
in Galveston, Texas. American National, which was founded in 1905, has
more that $9 billion in assets. Farm Family now operates as a subsidiary
of American National headquartered in Albany, New York with Mr. Weber
as its Chief Executive Officer.
Farm Family retains its brand identity and will focus on expanding the
delivery of financial services to farms, residents and businesses of rural
and suburban communities in its twelve-state territory.
Mr. Weber has received national recognition for his leadership in insurance
agency management. He is also a board member of the Million Dollar Round
Table Foundation.
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