State Farm Mutual Automobile Insurance Company

State Farm Mutual Automobile Insurance Company

State Farm Mutual Automobile Insurance Company

Overview
Date Founded

1922

Headquarters

1 State Farm Plaza,Bloomington, IL 61710-0001

Type of Company

Private

Employees (Worldwide)

68K

Industries

Insurance: Property & Casualty

Company Description

State Farm Mutual Automobile Insurance Co. engages in the provision of insurance products. It offers home and property, life, health, disability, and liability insurances. Its banking solutions include home loans, checking, and savings. The company was founded by George Jacob Mecherle in 1922 and is headquartered in Bloomington, IL.

Website

http://www.statefarm.com

Contact Data
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In The News
SNL Insurance Daily
August 26, 2020
State Farm receives $1.2B+ from PG&E wildfire subrogation trust
Business Wire
August 14, 2020
AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Most of Its Subsidiaries
ENP Newswire
August 13, 2020
-State Farm Cuts Alaska Auto Rates 10.7%
Targeted News Service
August 6, 2020
Samford Alumnus Appointed as State Farm's First Chief Diversity Officer
Business Wire
July 9, 2020
State Auto Extends Contract of President and CEO Mike LaRocco

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Executives & Employees
See More
Ryan Klibert

Founding Partner

Garrett Schneider

Co-Founder

Renee Maceiunas

Owner

Tiffany Warnell

Owner

Neil Rosenow

Owner

Lamont Perry

Agency Owner

Jack Stabler

Owner

Paula Garthoff

Owner

Brian Busam

Owner

Clark Mantz

Owner

Board of Directors
Michael L. Tipsord

President & Chief Executive Officer at State Farm Mutual Automobile Insurance Company

Pamela Bristow Strobel

Former General Counsel at Exelon Corporation

Allan Landon

Lecturer in Law at University of Hawai - William S. Richardson School of Law

W. H. Knight, Jr.

Professor of Law at Seattle University School of Law

Gary L. Perlin

Former Chief Financial Officer & Principal Accounting Officer at Capital One Financial Corporation

W. Steven Jones

Professor of Strategy & Organizational Behavior at The University of North Carolina, Chapel Hill - Kenan-Flagler Business School

Dan Eliab Arvizu

Senior Vice President & Director, Nrel at MRIGlobal

Edward B. Rust, Jr.

Former President & Chief Executive Officer at State Farm Mutual Automobile Insurance Company

Kenneth Worzel

Chief Operating Officer at Nordstrom, Inc.

Debra L. Reed-Klages

Member-Competitiveness Council at San Diego Regional Economic Development Corporation

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State Farm Mutual Automobile Insurance Company
Recent Transactions
Details Hidden

State Farm Mutual Automobile Insurance Company raised money in a private placement transaction

Details Hidden

State Farm Mutual Automobile Insurance Company raised money in a private placement transaction

Advisors & Consultants
Legal Advisor
Dan K. Webb

Co-Executive Chairman at Winston & Strawn LLP

Legal Advisor
Sheila L. Birnbaum

Co-Chair, Product Liability & Mass Torts Practice at Dechert LLP

Advisor
Tucker R. Shade

Former Senior Managing Director at Savills Studley, Inc.
Key Stats and Financials As of 2020
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$39.6B
Non-Profit Donations & Grants
$1,000 +
2019
Hawaii Foodbank, Inc.

$2,500 - $4,999
2019
Food Bank of Delaware, Inc.

$5,000 - $10K
2019
Evans Scholars Foundation

Political Donations
$11
1997
Jim Bennett

$50
1997
Glenn O. Lewis

$137
1996
George Ryan

Suppliers
NIIT Ltd. Other Business & Consulting Services | Gurgaon, India

NIIT Limited is an Indian Multinational company that offers learning management and training delivery solutions to corporations, institutions and individuals. It has three main lines of business worldwide: Corporate Learning Group (CLG), Skills and Careers Group (SNC), and School Learning Group (SLG). In 2006, the IT services business of NIIT was demerged into a separately listed company NIIT Technologies. NIIT Limited now focuses on Corporate Training, Vocational Training for Services Sectors and Education and Training in Schools. NIIT Limited owns 23.98% of NIIT Technologies.

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