PROFILE |
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Like an enormous corporation, State Farm is everywhere. One of the US's largest personal lines property/casualty companies, State Farm Insurance Companies provide auto insurance, as well as homeowners, nonmedical health, and life insurance. The mutual now has a federal thrift charter and provides such banking services as deposit accounts, CDs, mortgages, and other loans nationwide through the Internet and telephone. State Farm operates throughout the US and Canada and has more than 16,000 agents. Since its founding, the group's companies have been run by only two families, the Mecherles (1922-54) and the Rusts (1954-present).
COMPETITION |
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American International Group, Inc. (AIG)
The Allstate Corporation (ALL)
Liberty Mutual Insurance Companies (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 47,863.10
1-Yr. Sales Growth: 7.1%
Employees: 79,300
Revenue per employee: $603,569.99
KEY PEOPLE |
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Edward B. Rust
CEO
Roger S. Joslin
CFO
CONTACT INFO |
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1 State Farm Plaza
Bloomington, IL 61710
US
Phone: 309-766-2311
Fax: 309-766-3621
Online: Web Site
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