SeeBITDAOklahoma

Oklahoma Farm Bureau Mutual Insurance Co.

Direct Property and Casualty Insurance Carriers
  • 2501 North Stiles Ave, Oklahoma City, OK
  • Since 1942
Reported revenueReported figures
$6.2M
$5.9Mlikely range$6.6M
Revenue
$6.2M
a year
Profit (EBITDA)
$1.5M
24% of revenue
Employees
489
reported in 2020
Stacy Simunek
President · source
okfarmbureau.orgLinkedIn
Contact
Find Stacy Simunek on RocketReach Request removal or correction

How we got $6.2M

Based on IRS Form 990 (2024).

Reported revenue, IRS Form 990 (2024)$6.2M
× 24% profit margin$1.5M

· Own this business? Correct these figures

What we know

PPP loan, 2020
401(k) filing, 2024
Reported financials
Company website
Owner named

What they do

Oklahoma Farm Bureau is a membership organization that works to preserve and protect the rural way of life, with advocacy on agriculture policy and related programs for members. The pages describe it as an organization rather than a mutual insurance company, though the site links to OKFB Insurance.

Products & services
OKFB InsuranceMember BenefitsOKFB Buyers GuideOklahoma Country magazineBushels for Books programYouth Leadership Alliance
Markets served
agriculturefarmers and ranchers
Service area
OklahomaOklahoma City

From the company's website. Industry: Direct Property and Casualty Insurance Carriers.

Customers & suppliers

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Farms & ranches

Employees over time

▼ 15% since 2020
05001k20202021202220232024489414
401(k) / retirement-plan participantsEmployees reported for PPP
Show as table
YearSourceEmployeesEst. revenueEst. EBITDA
2020PPP loan489$433.9M$103.4M
2020Form 5500383$339.8M$81.0M
2021Form 5500381$338.1M$80.6M
2022Form 5500361$320.3M$76.4M
2023Form 5500339$300.8M$71.7M
2024Form 5500414$367.3M$87.6M

Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
OKLAHOMA FARM BUREAU MUTUAL INSURANCE CO.
this business
$6.2M$1.5M—
THN INSURANCE SOLUTIONS, LLC
Oklahoma City · 4 employees
$2.9M$854K1.5 mi
OLD SURETY LIFE INSURANCE COMPANY
Oklahoma City · 49 employees
$89.8M$17.4M1.9 mi
COMPSOUCE MUTUAL INSURANCE COMPANY
Oklahoma City
$537.9M$107.1M2.0 mi
TRAVELERS MOTOR CLUB
Oklahoma City · 29 employees
$42.0M$9.3M2.1 mi
ADVANCED SUBROGATION RESOURCES, LLC
Oklahoma City · 12 employees
$10.1M$2.4M2.3 mi
CAMPBELL -KAUFFMAN, INC.
Oklahoma City · 3 employees
$4.6M$1.2M4.0 mi

The full calculation

Figures are shown toward the upper part of their range rather than at its middle.

Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.

These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.

Revenue range$5.9M – $6.6M
EBITDA range$1.4M – $1.6M
Industry (NAICS)Direct Property and Casualty Insurance Carriers (524126)

EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.

Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology

People & advisors

Founded 1942
“Founded in 1942, Oklahoma Farm Bureau has served as a voice for Oklahoma agriculture for generations.”

Leadership

  • RM
    Rodd Moesel
    President · $90K pay (Form 990)
  • JM
    Jim Meek
    Treasurer · $20K pay (Form 990)
  • RM
    Roger Moore
    Director · $19K pay (Form 990)
  • MC
    Michael Clark
    Director · $18K pay (Form 990)
  • LR
    Leon Richards
    Director · $17K pay (Form 990)
  • ML
    Micheal Leverett
    Director · $16K pay (Form 990)
  • MT
    Monte Tucker
    Vice President · $12K pay (Form 990)
  • KG
    Kerry Givens
    Director · $12K pay (Form 990)
  • DV
    David Von Tunglen
    Secretary · $10K pay (Form 990)
  • TD
    Thad Doye
    Executive Director · Form 990

Advisors

  • AccountingHaynie & CompanyAudits its 401(k) plan (2024 filing)
  • AccountingWoods Accounting Services PCPrepared its Form 990
  • BankingBancFirstPPP / SBA lender

From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.

Banking relationships

BancFirst
PPP 2020
All 7,048 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/8/2020first$5.3M$5.3M489BancFirst

Public records

IRS Form 990
Nonprofit
Revenue (2024)$6.2M
Assets$9.0M
Tax-exempt since1960

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Oklahoma Farm Bureau Mutual Insurance Co.

Oklahoma Farm Bureau Mutual Insurance Co. is a direct property and casualty insurance carriers company in Oklahoma City, Oklahoma, in business since 1942. It is owned by Stacy Simunek (President). Its reported annual revenue is about $6.2M, with roughly $1.5M of EBITDA. It has about 414 employees.

Common questions

Who owns Oklahoma Farm Bureau Mutual Insurance Co.?
Oklahoma Farm Bureau Mutual Insurance Co. is owned by Stacy Simunek (President), according to public sources such as the company's website or filings.
How much revenue does Oklahoma Farm Bureau Mutual Insurance Co. make?
Oklahoma Farm Bureau Mutual Insurance Co. reported revenue of about $6.2M.
How many employees does Oklahoma Farm Bureau Mutual Insurance Co. have?
About 414, from its 2024 retirement-plan filing.
When was Oklahoma Farm Bureau Mutual Insurance Co. founded?
Oklahoma Farm Bureau Mutual Insurance Co. has been in business since 1942.