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State Farm Insurance

State Farm Insurance
Company nameState Farm Insurance
Company typeMutual (main company)
SloganLike a good neighbor, State Farm is there.
IndustryFinance and Insurance
FoundedJune 7, 1922
Founder(s)George J. Mecherle
HeadquartersBloomington, Illinois
No. of locations17,700 agents
343 claim offices
30 operations centers
Area servedUSA and Canada
Key peopleEdward B. Rust, Jr. (Chairman/CEO)
ServicesInsurance, Banking, Investing
RevenueUS$61.611 billion (2007) (+)1.8%
Net incomeUS$3.664 billion (2007) (+)US$687 million
Total assetsUS$104.842 billion (2007) (+)US$6.494 billion
Total equityUS$58.142 billion (2006)
DivisionsInsurance; mutual funds; State Farm Bank
Subsidiarysee Companies below

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State Farm Insurance is a group of insurance and financial services companies in the United States. The company also has operations in Canada.

The group's main business is State Farm Mutual Automobile Insurance Company, a mutual insurance firm that also owns the other State Farm companies. The corporate headquarters are in Bloomington, Illinois.

State Farm is ranked 34th in the 2010 Fortune 500, which lists American companies by revenue. According to the Fortune Global 500, State Farm is also the world's largest mutual "P&C" (property & casualty insurance) firm. In October 2008, State Farm Insurance Companies in Canada was named one of Greater Toronto's Top Employers by Mediacorp Canada Inc., which was announced by the Toronto Star newspaper.

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