State Farm - Insurance Companies

About State Farm

State Farm is a group of mutual insurance companies operating throughout the United States, with corporate headquarters in Bloomington, Illinois. Founded in 1922, it is described in reference sources as the largest property, casualty and auto insurance provider in the country. As one of the insurance companies in Illinois, it is owned on a mutual basis rather than through publicly traded shares, so it does not appear among the publicly traded insurance stocks. Among US insurance companies, it offers auto, renters, homeowners, condo and life coverage. The company reports providing insurance and financial service products on more than 96 million policies and accounts. It has thousands of agents throughout the country, and customers can work with an agent for help choosing products. Beyond insurance, State Farm offers banking products through alliances, including checking, savings, certificates of deposit, credit cards and personal loans issued by U.S. Bank National Association. Vehicle loans are originated by State Farm Bank. The company also offers mutual funds, annuities, educational savings and retirement planning products.

Key Facts

Established

1922