About the Vote
Louisiana Farm Bureau Mutual Insurance Company is proposing to convert from a mutual insurance company into a stock insurance company that will be named Louisiana Farm Bureau Insurance Company. If the proposal is approved, this Company will become a wholly owned subsidiary of Southern Farm Bureau Casualty Insurance Company.
Licensed in 1957, Louisiana Farm Bureau Mutual Insurance Company has served Louisiana homeowners with strong local service and commitment. This proposed plan is a result of thoughtful long-term strategic planning, designed to position our company for long-term stability with a greater opportunity for improved financial performance.
As a single-state insurer, Louisiana Farm Bureau Mutual Insurance Company has limited opportunities to grow, diversify risk, or expand offerings. Joining Southern Farm Bureau Casualty Insurance Company gives the company access to broader financial tools, improved capital capabilities, and expanded resources to serve Louisiana policyholders more effectively.
Should the proposal be approved at the Policyholder Meeting, the next steps would include:
Compensation and Ownership
Following the successful conversion to a stock company, all newly issued shares will be issued to Southern Farm Bureau Casualty Insurance Company in exchange for payments that are estimated to be $791.10 to each Eligible Member.
This will make Louisiana Farm Bureau Insurance Company a wholly owned subsidiary of Southern Farm Bureau Casualty Insurance Company.
Redomestication
Louisiana Farm Bureau Insurance Company will retain Louisiana agents, employees, leadership, and customer service operations in Louisiana, preserving the company's local presence. The Company will remain subject to Louisiana regulatory oversight, but it will change its corporate domicile to Mississippi where Southern Farm Bureau has its corporate domicile.
If the proposal becomes effective, the compensation which Eligible Members will receive in exchange for relinquishing their Membership Interests is estimated to be $791.10 per Eligible Member.
What Will Not Change for Policyholders
- Your premium, policy coverage, and all contractual benefits will not change
- Your local agent and customer service team remain the same
- Your service experience stays the same with no interruption
- Your claims handling remains unchanged, with the same teams continuing to support you
- Your customer experience, contact information, and service channels all stay the same
- Your Louisiana-based employees and agents will continue in their roles
- Your officers and company management of Louisiana Farm Bureau Mutual Insurance Company will lead Louisiana Farm Bureau Insurance Company in the same manner to which you have become accustomed
What This Transaction Will Do
- Strengthen the company’s financial position and long-term stability
- Provide greater flexibility and a more cost-effective capital structure
- Spread catastrophe risk geographically through affiliation with a multi-state organization
- Enhance operational capacity, technology, claims support, and long-term planning
- Unlock opportunities to support growth of existing products and explore future offerings
- Establish a new board of directors composed of Farm Bureau Federation leaders from Southern Farm Bureau Federation States, including Louisiana
- Align with a model that strengthens operations by joining the Southern Farm Bureau Casualty Insurance Company affiliation while preserving local service
Click here to view the Notice of Special Meeting.
Timeline
Filing with Louisiana Department of Insurance
Louisiana Farm Bureau Mutual Insurance Company submitted the proposed Plan of Reorganization to the Louisiana Department of Insurance for review.
Public Hearing
The Louisiana Department of Insurance held a public hearing to review the Plan of Reorganization and gather public comment.
Proxy Period Opens
Following the public hearing, a notice of the special meeting will be distributed, allowing Eligible Members to begin voting by proxy.
Proxy Voting Deadline
All proxy votes must have been received by 5:00 p.m. on February 17, 2026. Any votes received after this deadline will be marked as invalid and not counted toward the total number of votes.
Special Policyholder Meeting & Voter Deadline
Eligible Members may cast their vote in person during the Special Meeting of Policyholders held on February 27, 2026. The special meeting will be the deadline to receive all votes.
Regulatory Approval & Closing
The Commissioner of Insurance will review the results and determine whether to approve the plan. If approved, the conversion will proceed and become effective in the manner required by law.
Distribution of Compensation
Once the conversion becomes effective, cash compensation will be distributed to all Eligible Members in the manner set forth in the approved Plan of Reorganization.