About BMI

Serving Missouri and Policyholders for over 125 years.

BMI Company, Inc. of Billings, Missouri recently celebrated its 125th anniversary at its office located in Billings, Missouri.  When the company was organized on May 9, 1891, it was named The Farmers Mutual Insurance Company of Billings.  The company was started by a group of Germans who understood the importance of providing the financial security and protection of property for their neighbors. At that time, their constitution, by-laws, applications and policies were written in German.  However, in July of 1891, it was ordered that these documents be written in English, yet the minutes of the meetings continued to be written in German until January 1896, when all records were changed to English. The first office was in the home of an insured.  It began with a volume of $50,000 of fire insurance in force, and the charter was granted for insurance to be written in Christian, Greene, Lawrence, Stone and adjoining counties in Missouri.  The first officers were: William Miekley, President; J.R. Fuhr, Secretary; and J.F. Bengsch, Treasurer.  The first premium charge was 15 cents per $100.00.

In 1901, the company sent their first delegate to the convention of the State Association of Farm Mutual Insurance Companies, now known as MAMIC.  By 1904, there were 1,700 policyholders with fire insurance in force of $2,200,000 and by 1910 the policyholders had grown to 3,600 with fire insurance in force of $5,500,000. For the price of $550.00, the company purchased and relocated to a building on Elm Street in Billings, Missouri in 1914. In 1921 the company joined the National Association of Mutual Insurance Companies (NAMIC).

Original office in 1911

Original office in 1911

Exterior of original office

Exterior of original office

In 1972, the company changed its name to Billings Farmers Mutual Insurance Company.  It was then the company was granted a certificate of authority by the Missouri Division of Insurance, which allowed it to underwrite insurance in all counties in Missouri.  In 1992, the company built a new office at 118 Elm Street, just two blocks south of the old location. The company changed its name to Billings Mutual Insurance Company in January of 1993.

BMI office built in 1992

BMI office built in 1992

Since the year 2000, Billings Mutual Insurance Company has acquired and merged ten Missouri mutual companies under its charter.  To accommodate the accelerated growth from the mergers, in 2009, the company expanded the office to the size it is today.  On August 1, 2015, the company became the first Missouri mutual that operates under the Mutual Insurance Laws of Missouri (Section 380.201-380.611 RSMo 1984) to underwrite automobile insurance under its own name with application and policy.  The company now underwrites homeowners, farm owners, mobile owners, commercial, and automobile, with personal and farm liability.  The company insurance in force now exceeds $4,500,000,000 with a premium volume of over $22,000,000 and assets of over $42,000,000.  The company proudly serves over 21,000 policyholders and are represented statewide by over 225 agencies.

Current office location with 2009 addition

Current office location with 2009 addition

In March of 2017, the company underwent another name change and is now known as BMI Company, Inc.  The current staff consists of 34 employees and 9 Board of Directors. The current officers are: Harold Hodges, President; Andrew Bowles, Vice President; Charles Smith, CEO; Andy Reavis, COO; Beverly Moore, CFO; and Aaron Stewart, CIO. BMI Company Inc. is proud to have the size, scope and talent to provide our insureds the protection and security they will need well into the future.

Charles J. Smith
CEO

Current BMI Board of Directors

Current BMI Board of Directors

BMI Officers

Current BMI Officers

Current BMI Employees

Current BMI Employees