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Insurance and Financial Services

Greater Des Moines (DSM), Iowa, is where local, regional, national and international insurance and financial services thrive. The finance and insurance sector contributed $22.4 billion of the $83.3 billion of total GDP in 2023. And the region has earned bragging rights with the highest concentration of insurance employment among U.S. metros, with over 80 of Iowa’s insurance companies headquartered here.

DSM's talented workforce and fair, consistent regulatory environment attracts property and casualty, health and life insurance, financial services and insurtech companies from around the world. Wells Fargo & Co., Principal, Nationwide and John Deere Financial alone employ over 20,000 employees in DSM.

Iowa's tax code favors insurance and financial services companies. There are no premium taxes on the sale of annuities, qualified insurance plans or surtaxes on insurance carrier. Additionally, there is no sales tax on interstate or international telecommunications.

Iowa's insurance premium tax is being lowered from 1% to 0.9% by 2027 – one of the lowest rates in the nation.

Des Moines' Major Insurance and Finance Companies

American Equity Investment

ARAG

Athene

Bankers Trust

Continental Western Group

Delta Dental of Iowa

DLL Finance

EMC Insurance Companies

F&G Annuities & Life

Farmers Mutual Hail Insurance Company of Iowa

FBL Financial Group, Inc.

First Interstate Bank

Global Atlantic Financial Group

Grinnell Mutual Reinsurance

GuideOne Insurance

Holmes Murphy & Associates

Homesteaders Life Company

IMT Insurance

John Deere Financial

Mercer

MetLife

Nationwide

NCMIC Group, Inc.

Principal Financial Group^®

Rain and Hail, a CHUBB Company

Sammons Financial Group

Shazam

U.S. Bank

Wellabe

Wellmark Blue Cross Blue Shield of Iowa

Wells Fargo & Co.

Global Insurance Accelerator (GIA)

The Global Insurance Accelerator (GIA), headquartered in DSM, celebrated its 10th anniversary in 2024. Its mission is to drive innovation through the insurance industry with a multi-faceted program, seed funding and connection with their investors.

Global Insurance Symposium (GIS)

The Global Insurance Symposium (GIS) also celebrated its 10th year in 2024. The annual Symposium offers an educational and networking opportunity that brings together over 500 insurance and financial services company executives, national and international regulators, state and federal government representatives, entrepreneurs and startup tech firms. It has welcomed over 4,650 attendees from more than 18 countries since its inception and takes place in Des Moines, Iowa, each year.

Grow in DSM

Join ambitious, visionary companies making their mark within DSM’s strong business climate. The Greater Des Moines Partnership is the region's economic development organization and is here to help businesses looking to grow and expand. Connect with Stacie LoVan, Senior Vice President of Economic Development at the Greater Des Moines Partnership, to learn more.

slovan@DSMpartnership.com | (515) 286-4971

Insurance and Financial Services