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  • Previous Rank
    85
  • Revenues ($M)
    $78,331
  • Revenue Percent Change
    2.9%
  • Profits ($M)
    $2,206.50
  • Profits Percent Change
    529.9%
  • Assets ($M)
    $272,345.20
  • Employees
    65,664

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.

Company Information

CEO
Michael L. Tipsord
Sector
Financials
Industry
Insurance: Property and Casualty (Mutual)
HQ Location
Bloomington, Ill.
Websitehttp://www.statefarm.com
Years on Global 500 List24
Employees65,664

State Farm Insurance Cos. Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$78,3312.9%
Profits ($M)$2,206.50529.9%
Assets ($M)$272,345.20-
Total Stockholder Equity ($M)$97,035.50-

Profit Ratios

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