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Global 500

Brett Carlsen—Getty Images

95

State Farm Insurance Cos.

U.S.

The country’s largest and most profitable property-casualty insurer saw revenue and profits grow in 2017. State Farm’s revenue grew by nearly 3% to $78.3 billion. The company’s profits also rebounded after a particularly expensive year for auto insurance claims costs in 2016, increasing more than 500% to $2.2 billion. The insurance company, which employs more than 65,000 workers, recently announced it would cut insurance rates in states like Louisiana and Ohio.

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CEO

Michael L. Tipsord

Sector

Financials

Industry

Insurance: Property and Casualty (Mutual)

HQ Location

Bloomington, Ill.

Years on Global 500 List

24

Employees

65,664

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$78,3312.9%
Profits ($M)$2,206.5529.9%
Assets ($M)$272,345
Total Stockholder Equity ($M)$97,036
Profit Ratios
Profit as % of Revenues2.8%
Profits as % of Assets0.8%
Profits as % of Stockholder Equity2.3%