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  • Previous Rank
    33
  • Revenues ($M)
    $78,330.80
  • Revenue Percent Change
    2.9%
  • Profits ($M)
    $2,206.50
  • Profits Percent Change
    529.9%
  • Assets ($M)
    $272,345.20
  • Employees
    65,664
  • Market Value — as of March 29, 2018 ($M)
    -

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 bounced back 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.

Company Info

CEO
Michael L. Tipsord
CEO Title
Chairman, President & Chief Executive Officer
Sector
Financials
Industry
Insurance: Property and Casualty (Mutual)
HQ Location
Bloomington, Ill.
Websitehttp://www.statefarm.com
Years on Fortune 500 List24
Employees65,664
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State Farm Insurance Cos. Rank History

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Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$78,330.802.9%
Profits ($M)$2,206.50529.9%
Assets ($M)$272,345.20-
Total Stockholder Equity ($M)$97,035.50-
Market Value — as of March 29, 2018 ($M)--

Profit Ratios

Profit as % of Revenues2.8%
Profits as % of Assets0.8%
Profits as % of Stockholder Equity2.3%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)-
EPS % Change (from 2016)-
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-

Total Return

Total Return to Investors (2017)-
Total Return to Investors (5 year, annualized)-
Total Return to Investors (10 year, annualized)-