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—$8.8 billion of which was profit, a one-year boost of nearly 300%. The Illinois-based property and casualty insurer also ended 2018 with 8,876 fewer employees than it had 12 months earlier. The company attributes the shrinkage in part to its increased use of automation and technology.
Company Info
| CEO | Michael L. Tipsord |
| CEO Title | Chairman, President & Chief Executive Officer |
| Sector | Financials |
| Industry | Insurance: Property and Casualty (Mutual) |
| HQ Location | Bloomington, Ill. |
| Website | www.statefarm.com |
| Years on Fortune 500 List | 25 |
| Employees | 56,788 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $81,732.2 |
| Profits ($M) | $8,788.4 |
| Assets ($M) | $272,518.4 |
| Total Stockholder Equity ($M) | $100,877.7 |
Profit Ratios
| Profit as % of Revenues | 10.8% |
| Profits as % of Assets | 3.2% |
| Profits as % of Stockholder Equity | 8.7% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | - |
| EPS % Change (from 2017) | - |
| EPS % Change (5 year annual rate) | - |
| EPS % Change (10 year annual rate) | - |
Total Return
| Total Return to Investors (2018) | - |
| Total Return to Investors (5 year, annualized) | - |
| Total Return to Investors (10 year, annualized) | - |
