Lines of Insurance:
Auto, Health, Long Term Care, Life, Disability, Homeowners
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Type of Insurance Company: Mutual
State Farm Mutual Automobile Insurance
State Farm Life Insurance Company
State Farm Fire and Casualty Company
State Farm General Insurance Company
State Farm Insurance Company Rating
Best Insurance Reports: A++
|Type||Mutual (main company)|
|Founded||June 7, 1922|
|Founder(s)||George J. Mecherle|
|Headquarters||Bloomington, Illinois, U.S.|
|Number of locations||17,000 agents, 391 claim offices, 24 operations centers|
|Area served||USA and Canada|
|Key people||Edward B. Rust, Jr. (Chairman/CEO)|
|Industry||Finance and Insurance|
|Services||Insurance, Banking, Investing|
|Revenue||US$61.611 billion (2007) ▲1.8%|
|Net income||US$3.664 billion (2007) ▲US$687 million|
|Total assets||US$104.842 billion (2007) ▲US$6.494 billion|
|Total equity||US$58.142 billion (2006)|
|Divisions||Insurance; mutual funds; State Farm Bank|
State Farm Insurance Company is a mutual automobile insurance company headquartered in Bloomington, Illinois. State Farm operates throughout the U.S. and Canada. State Farm, owned by its policyholders was established on June 7, 1922 when G.J. Mecherle sold the inaugural auto policy. Initially the firm prioritized auto insurance for farmers and later expanded its services to include other types of insurance apart from banking and financial services.
State Farm offers a variety of services under the following lines of business:
The company is ranked 44th on 2013 Fortune 500 list of largest companies. It has 17,700 agents, 343 claim offices and 30 operations centers across USA and Canada. At present Edward B. Rust, Jr. holds the position of the CEO and chairman of State Farm Insurance Company.
Submit your claim online. A State Farm claims representative would process the claim quickly by contacting you to verify the claim.
The following are the subsidiaries of State Farm Insurance Company.
Company Financial Status:
Assets & Premiums: 2006 Assets: $98 Billion
2006 Premiums: $32 Billion
Standard & Poor's rating: AA
Moody's rating: Aa1
Fitch rating: AA+
State Farm Insurance
Chairman Edward B. Rust, Jr.
One State Farm Plaza
Bloomington, IL 61710