MESSAGE FROM JEFF DAILEY: FARMERS® AGREES TO ACQUIRE METLIFE AUTO & HOME®

Dear agents,

I'm pleased to announce that Farmers® has signed an agreement to acquire Metropolitan Property and Casualty Insurance Company and its subsidiaries (collectively "MetLife Auto & Home ® ").

Agents and district managers,

As you undoubtedly know, the pandemic has significantly reduced economic activity across the United States, putting pressure on virtually every industry and business, including Farmers® and the insurance industry as a whole. Prior to the pandemic, we had been falling behind our own growth goals, so we face some internal expense pressures we need to tackle.

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