With a 16% overall market share, State Farm is the nation’s largest auto insurance provider, and it’s the second-largest provider of life insurance. The company reported net losses on auto accident claims in 2021, but offset that financial hit with a record $116 billion in new policy volume across its business lines. State Farm celebrated its 100th anniversary in February 2022, and marked the occasion by awarding 100 grants of $25,000 each to nonprofit organizations to fund neighborhood improvement projects.
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