Philosophy
"We know community banks."

The ABA-sponsored insurance program is a unique partnership of over 1,700 community banks, the American Bankers Association, Progressive Casualty Insurance Company, and 28 state bankers associations.

Our program is built on the shared ideas of bankers. Sharing goals, profits, security, expertise, and best practices.

Sharing Goals
We were formed by bankers in 1987 to provide a stable source of insurance for strong-performing community banks. We have led the insurance industry continuously launching innovative new products to address banker's ever-changing long and short-term needs.

Sharing Profits
Our partners own a piece of the program through the ownership of the ABPFIC. By purchasing insurance, ABA member banks automatically become shareholders of this mutual reinsurance company and share in the profits. Based on the mutual program's success and profitability, $63,500,000 has been declared in profit distributions since 1990. Read the Press Release.

Sharing Security
Share the comfort of knowing that your directors' and officers' personal liability, as well as your bank's assets, are protected by innovative and comprehensive coverages developed by bankers who know, and backed by the stability of an A+ rated insurance carrier.

Sharing Expertise
We are committed to keeping our partners up to date on the latest issues that matter. Legal issues, regulatory developments and liability exposures that could impact your bottom line are topics of discussion in our seminars and educational programs developed in partnership with the ABA and state bankers associations. See our Publications.

Sharing Best Practices
Risk management means more than buying insurance. We are committed to sharing best practices through loss control programs developed by bank and insurance professionals working together to share risk management ideas. Learn about our free Employment Practices Helpline.

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