State Farm Insurance

F500 2019-State Farm
at Next Door Monday June 22, 2015, in Chicago, ILL. Photography by Rob HartCourtesy of Rob Hart/State Farm
  • Previous Rank
  • Revenues ($M)
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  • Profits ($M)
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  • Assets ($M)
  • Employees

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 Info

CEOMichael L. Tipsord
CEO TitleChairman, President & Chief Executive Officer
IndustryInsurance: Property and Casualty (Mutual)
HQ LocationBloomington, Ill.
Years on Fortune 500 List25

Key Financials (Last Fiscal Year)

Revenues ($M)$81,732.2
Profits ($M)$8,788.4
Assets ($M)$272,518.4
Total Stockholder Equity ($M)$100,877.7

Profit Ratios

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

Earnings Per Share (Last Fiscal Year)

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Total Return

Total Return to Investors (2018)-
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