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Like an enormous corporation, State Farm is everywhere. The leading US personal lines property/casualty company (by premiums), State Farm Mutual Automobile Insurance Company is the #1 provider of auto insurance. It also is the leading home insurer and offers nonmedical health and life insurance through its subsidiary companies. Its products are marketed via some 17,000 agents in the US and Canada. Competition has increased with the fall of barriers between the banking, securities, and insurance industries. State Farm's efforts to diversify include a federal savings bank charter (State Farm Bank) that offers consumer and business loans through its agents and by phone, mail, and the Internet.
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Address: |
1 State Farm Plaza
Bloomington, IL 61710-0001
| | Phone: | 309-766-2311 | | Fax: | 309-766-3621 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 61300.00 M | | Revenue Growth (1 yr): | (-0.50%) | | Employees (2008): | 68,600 | | Employee Growth (1 yr): | 0.90% |
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Key People
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Chairman and CEO:
Edward B. (Ed) Rust Jr.
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Vice Chairman, CFO, and Treasurer:
Michael L. Tipsord
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Vice Chairman and Chief Agency and Marketing Officer:
Michael C. Davidson
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