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  • Previous Rank93
  • Revenues ($M)$76,132
  • Revenue Percent Change0.6%
  • Profits ($M)$350.3
  • Profits Percent Change-94.4%
  • Assets ($M)$256,030
  • Employees68,234

The largest property-casualty insurer in the U.S. saw its revenue tick up 0.6% to $76.1 billion in 2016, helping it maintain its spot as one of the largest companies in the world. Its profit, however, was a different story. State Farm’s net income dipped to just $400 million in 2016, down from $6.2 billion the year before, thanks to high auto insurance claim costs. (A stock portfolio windfall in 2015 also exacerbated the difference.) It announced in May that it would close 11 facilities and displace thousands of workers following the losses.

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Company Information

CEO
Michael L. Tipsord
Sector
Financials
Industry
Insurance: Property and Casualty (Mutual)
HQ Location
Bloomington, IL
Websitehttp://www.statefarm.com
Years on Global 500 List23
Employees68,234

State Farm Insurance Cos. Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$76,1320.6%
Profits ($M)$350.3-94.4%
Assets ($M)$256,030-
Total Stockholder Equity ($M)$87,592-

Profit Ratios

Profit as % of Revenues0.5%
Profits as % of Assets0.1%
Profits as % of Stockholder Equity0.4%