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Fortune 500

Courtesy of Rob Hart/State Farm

36

State Farm Insurance

Trends in the auto insurance industry in 2018 were good for State Farm. As rates went up 5% industry-wide, the company brought in $81.7 billion in revenue—$8.8 billion of which was profit, a one-year boost of nearly 300%. The Illinois-based property and casualty insurer also ended 2018 with 8,876 fewer employees than it had 12 months earlier. The company attributes the shrinkage in part to its increased use of automation and technology.

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CEO

Michael L. Tipsord

CEO Title

Chairman, President & Chief Executive Officer

Sector

Financials

Industry

Insurance: Property and Casualty (Mutual)

HQ Location

Bloomington, Ill.

Years on Fortune 500 List

25

Employees

56,788

Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$81,732.24.3%
Profits ($M)$8,788.4298.3%
Assets ($M)$272,518.4
Total Stockholder Equity ($M)$100,877.7
Profit Ratios
Profit as % of Revenues10.8%
Profits as % of Assets3.2%
Profits as % of Stockholder Equity8.7%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)-
EPS % Change (from 2017)-
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-
Total Return
Total Return to Investors (2018)-
Total Return to Investors (5 year, annualized)-
Total Return to Investors (10 year, annualized)-