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  • Previous Rank
    95
  • Revenues ($M)
    $81,732.20
  • Revenue Percent Change
    4.3%
  • Profits ($M)
    $8,788.40
  • Profits Percent Change
    298.3%
  • Assets ($M)
    $272,518.40
  • Employees
    56,788

Trends in the auto insurance industry in 2018 were good for State Farm. As rates went up 5% industry-wide, the company brought in $81.7 billion in revenue—$8.8 billion of which was profit, a one-year boost of nearly 300%. The Illinois-based property and casualty insurer also ended 2018 with 8,876 fewer employees than it had 12 months earlier. The company attributes the shrinkage in part to its increased use of automation and technology.

Company Information

CEO
Michael L. Tipsord
Sector
Financials
Industry
Insurance: Property and Casualty (Mutual)
HQ Location
Bloomington, Ill.
Websitehttps://www.statefarm.com
Years on Global 500 List25
Employees56,788
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State Farm Insurance Cos. Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$81,732.204.3%
Profits ($M)$8,788.40298.3%
Assets ($M)$272,518.40-
Total Stockholder Equity ($M)$100,877.70-

Profit Ratios

Profit as % of Revenues10.8%
Profits as % of Assets3.2%
Profits as % of Stockholder Equity8.7%