internal
Raul Vargas
President & Chief Executive Officer
Executive
3 yr
27 reports
Farmers Insurance Exchange
Managed mutual: Exchange led by management-company executives
Financials · Fortune #280 · Hybrid structure · 10K employees · Woodland Hills, California
8
CEO span
near peer avg (9)
3.1
Avg span
moderate
4
Max depth
4 levels
3.3 yr
Avg tenure
50%
Internal hires
near industry avg
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Farmers Insurance Exchange organizational chart
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Managed mutual: Exchange led by management-company executives. This page maps Farmers Insurance Exchange’s enterprise structure, showing the CEO’s direct reports, functional teams, and operating depth, with analysis and peer comparison highlighting its distinctive exchange-management model.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Raul Vargas joined as President & CEO
Appointed President & CEO effective January 2023.
Source · See change logScenario views in the chart
- Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to accelerate AI use in claims and underwriting.
- Move Distribution under Marketing Shift Distribution from Operations to Marketing to unify growth, brand, and agent strategy.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
8 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Chief Operating Officer
Chief Operating Officer
Operations
4 yr
4 reports
Chief Digital Officer
Chief Digital & Information Officer
Technology
2 yr
4 reports
Chief Financial Officer
Chief Financial Officer
Finance
2 yr
3 reports
Chief Marketing Officer
Chief Marketing Officer
Marketing
3 yr
3 reports
internal
Chief Legal Officer
Chief Legal Officer & Corporate Secretary
Legal
5 yr
2 reports
Chief Human Resources Officer
Chief Human Resources Officer
Human Resources
3 yr
2 reports
internal
Chief Risk Officer
Chief Risk Officer
Risk
4 yr
2 reports
The businesses
How Farmers Insurance Exchange divides the work
5 divisions report into the group CEO. Tile size scales with estimated headcount.
Operations
4K employees
Chief Operating Officer
Oversees claims, underwriting, customer operations, and distribution execution.
Technology & Digital
2K employees
Chief Digital & Information Officer
Leads IT, data, cybersecurity, and enterprise platforms supporting insurance operations.
Finance
600 employees
Chief Financial Officer
Manages financial planning, accounting, treasury, and capital stewardship.
Marketing
500 employees
Chief Marketing Officer
Responsible for brand, growth marketing, and communications across channels.
Risk Management
300 employees
Chief Risk Officer
Oversees enterprise risk, actuarial risk, and governance functions.
The thesis
Why this org is unusual
Managed mutual: Exchange led by management-company executives.
Farmers Insurance Exchange is distinctive because the inter-insurance exchange is managed by Farmers Group executives rather than a standalone corporate officer corps. The CEO has eight direct reports spanning finance, operations, technology, and risk, reflecting an enterprise-functional model rather than product P&L ownership.
The structure is four levels deep, with heavy emphasis on operations (claims, underwriting, distribution) and technology centralized under a single digital leader. Risk and compliance report directly to the CEO, consistent with insurance regulatory expectations. Marketing and distribution are separated, underscoring the agent-centric go-to-market model.
- Inter-insurance exchange managed by Farmers Group
- Risk and compliance report directly to CEO
The comparison
How Farmers Insurance Exchange stacks up
Compared with other large P&C insurers, Farmers’ exchange model concentrates authority in a management company, creating a hybrid between mutual governance and enterprise management. Peers like Allstate and Travelers operate clearer corporate hierarchies with product presidents, while Farmers maintains functional …
C-suite size
Reporting depth
Farmers Insurance Exchange
4 levels
5 levels
State Farm
5 levels
4 levels
5 levels
Liberty Mutual
6 levels
Avg C-suite tenure
Farmers Insurance Exchange
3 yr
5 yr
State Farm
6 yr
7 yr
6 yr
Liberty Mutual
5 yr
Has COO / Has CAIO
Farmers Insurance Exchange ✓ COO — no CAIO
State Farm ✓ COO — no CAIO
Liberty Mutual ✓ COO — no CAIO
Current signals
What changed recently
The most significant change was Raul Vargas’s appointment as CEO in January 2023, followed by consolidation of digital and IT leadership.
- Date not confirmed new
- Date not confirmed reorgTechnology & Digital Digital and IT consolidation
Technology and digital functions consolidated under a single CDO role in 2024.
Source
Frequently Asked Questions
Who is the CEO of Farmers Insurance Exchange?
Raul Vargas has served as President & CEO since January 2023.
What type of organizational structure does Farmers Insurance Exchange use?
It uses a hybrid enterprise-functional structure, with the exchange managed by a central executive team rather than product presidents.
How many direct reports does Farmers Insurance Exchange's CEO have?
The CEO has eight direct reports spanning finance, operations, technology, risk, legal, HR, and marketing.
How has Farmers Insurance Exchange's leadership changed recently?
The key change was the appointment of Raul Vargas as CEO in 2023 and a subsequent consolidation of technology and digital leadership in 2024.
Does Farmers Insurance Exchange have a COO?
Yes. Operations are led by a Chief Operating Officer reporting directly to the CEO.
Sources
- Company Newsroom, Jan 2023
- Company Newsroom, 2024
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Farmers Insurance Exchange organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/farmers-insurance-exchange/MLA 9th
"Farmers Insurance Exchange Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/farmers-insurance-exchange/. Accessed .Chicago 17
Creately. "Farmers Insurance Exchange Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/farmers-insurance-exchange/.Permanent URL: https://creately.com/org-chart/fortune-500/farmers-insurance-exchange/ · last updated 2026-04-01