Federated Mutual Insurance

Rating Overview

Federated Mutual Insurance is Medium Risk.

Federated Mutual Insurance is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Lower Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Lower

Rationale:

Federated Mutual Insurance has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Federated Mutual Insurance does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Federated Mutual Insurance offers DEI training to its employees (1). The company appears to prioritize diversity over merit in its recruitment, hiring, and mentorship program. From its Diversity and Inclusion page: “Our diversity and inclusion pillars focus and drive action: Relational connections that guide, advocate, and support diverse employees within our workplace create an environment for career growth” (2). The company also stated, “Broadening our candidate sourcing and challenging selection practices will increase the number of qualified diverse candidates competing for career opportunities” (3). The company does not provide viewpoint protections for its employees (4).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Federated Mutual Insurance supports DEI within its business practices, hosting a DEI Team (1). The company supports DEI within its business practices. From its 2023 ESG Report: “In 2023, a sub-committee within our Diversity and Inclusion Team developed a mentoring program through which all new diverse hires will be connected with a Federated employee mentor who is focused on helping them feel welcome, understand our culture, and progress toward their professional goals” (2). The company supports ESG within its business practices. From its 2023 ESG Report: “In 2023, we invested an additional $30.2 million in ESG-related bonds to bring our organization’s total ESG investments to $97.2 million” (3). The company offers DEI Workshops (4).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Federated Mutual Insurance has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Federated Mutual Insurance does not operate a PAC or engage in its lobbying at this time (1)(2)(3).