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32. State Farm Insurance Cos.
State Farm Insurance Cos.
Rank: 32 (Previous rank: 31)
Compare tool: State Farm Insurance Cos. vs. Top 10
CEO: Edward B. Rust Jr.
Address: 1 State Farm Plaza
Bloomington, IL 61710
Phone: 309-766-2311
Website: www.statefarm.com
Homeowners in Florida are left stranded if they're looking for property coverage from the nation's largest home insurer. This past February, State Farm caused a stir when it announced it would stop writing new homeowner policies in Florida due to a state law that limits the rates insurance companies can charge for property insurance. Revenue losses due to hurricane settlements have forced the company to abandon 50,000 policies along the state's coast. The company also contended with California wildfire claims and the housing downturn, and annual sales grew just 1.8%.
Revenues 61,611.6 1.8
Profits 5,463.7 2.8
Assets 181,421.6 —
Stockholders' equity 63,693.6 —
Market value (3/28/2008) — —
Revenues 8.9
Assets 3.0
Stockholders' equity 8.6
2007 $ N.A.
% change from 2006 N.A.
1997-2007 annual growth rate % N.A.
2007 N.A.
1997-2007 annual rate N.A.
1 State Farm Insurance Cos. 32 61,611.6
2 Auto-Owners Insurance 465 5,129.1
3 Country Insurance & Fin. Svcs. 652 3,135.0
4 Sentry Insurance Group 755 2,587.8
From the May 5, 2008 issue
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