On Oct. 15, 1948, the Oklahoma Farm Bureau Mutual Insurance Company reported that the company had returned all investments to original owners. The following text is from the front-page article in the October 1948 issue of the Oklahoma Farm Bureau News:
The Oklahoma Farm Bureau Mutual Insurance Company, owned and operated by the farmers who are members of the Oklahoma Farm Bureau, is out of debt! The remaining number of certificates were paid off on October 15, 1948, and the certificates recalled. In the short space of two and one-half years, this company has paid its claims and its operating expenses, and has now returned to its original investors all the money which was borrowed to start the company. This is indeed a marvelous record, and the management and employees of this company are certainly to be congratulated. The agency force in the field has done an excellent job. Each Farm Bureau member who has had a part in this operation should feel greatly gratified.
Increased numbers in Farm Bureau is the one thing which will bring greater expansion to this insurance program and greater service to the membership. This company belongs to its policyholders, and it is to their interest that this business be kept moving along. Farmers can do the job through their own organizations, if and when they set their hearts to it—this is one enterprise in which they have done just that.