State Farm financials News

State Farm Reports 2014 Underwriting Loss, Operating Profit

State Farm reported an underwriting loss in 2014, though investment and other income still helped leave it with an operating profit. The insurer’s combined property/casualty underwriting loss landed at $939 million, or 1.7 percent of nearly $57 billion of earned …

State Farm Profit Took Hit in Stormy 2011

State Farm lost $4.5 billion on its property/casualty underwriting in 2011 – which is $1.3 billion more than it lost in 2010. The Bloomington, Illinois-based mutual insurer cited catastrophe claims as the main reason for higher underwriting loss, mirroring overall …