Our history began February in the year 1901. Township mutual insurance companies were created out of necessity - to combine the strength of individuals for protection against fire. They were usually developed by farm leaders who could find no practical means of protecting themselves against financial loss by fire except in a cooperative effort. This was the case in Melrose. The first meeting was held at the Joseph Kuhlman home. The company became known as Melrose Mutual Farmers' Fire Insurance Company, formed for the purpose of aiding and assisting its members who suffered loss by fire or lightning. Throughout the years, the company purchased fire trucks and water tanks to be housed and used by the Melrose Fire Department to fight fires.

In the early 1950's, the amounts of insurance required by farms and city homes reached the point where Melrose Mutual needed additional financial support. They purchased reinsurance from Grinnell Mutual Reinsurance Company of Grinnell, Iowa in 1954 and have been with them ever since.

In the early years, the office was located in the Secretary's home. In 1990, the office was moved to it's current location on Main Street.