State Farm

Name of Company and Headquarters

State Farm
Address: One State Farm Plaza, Bloomington, Illinois
Chairman: Edward B. Rust Jr.
CEO: Michael L. Tipsord

Lines of Business

Property and Casualty insurance
Life and Health insurance
Mutual Funds
Banking products

Agency Type and Marketing Channels

Independent contractor exclusive State Farm agents

State Farm…

Is a mutual company, with policyholder members
Insures more cars and homes than any other insurer in the U.S.
Is a leading insurer of watercraft
Is ranked No. 411 on the Fortune 500 list of largest companies
Has more than 65,000 employees
Has 18,000 agents
Is the country’s #1 insurer of individual life insurance policies in force.2

By the Numbers

Policies and Accounts — 82 million at end of 2014
Nearly 44 million in Auto
Over 27 million in Fire
Nearly 8 million in Life
Nearly 900,000 in Health
79th largest bank in US in terms of assets — over $17 billion in assets
Over 500,000 accounts in Mutual Funds
Sells approximately 100 different products
Processes about 35,000 claims a day

About the author

Arnold Smith

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