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State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. [8] State Farm is ranked 39th in the 2024 Fortune 500, which lists American companies by revenue. [9] State Farm relies on exclusive agents (also known as captive agents) to sell insurance.
After an eight-month takeover battle, BATUS Inc., the American subsidiary of British conglomerate B.A.T. Industries Plc, acquired Farmers Group, Inc. for $5.2 billion and became the sole stockholder of the company's 68 million shares of common stock. [4] [9] 1989, 1991, and 1994
The Southern Farm Bureau Annuity Insurance Co. [co-owned by 10 state Farm Bureaus [21] [22]] once owned more than 18,000 shares of Premium Standard stock," The Nation wrote in 2012. [ 8 ] Bob Stallman, a Texan, served as AFBF president from 2001 to 2016, [ 23 ] earning a salary of $832,216 in his final year. [ 24 ]
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Over the last 9 years, the lack of alignment between price and risk means that for every $1.00 collected in premium, State Farm General has spent $1.26, resulting in over $5 billion in cumulative ...
A State Farm Insurance sign on a destroyed building during the Eaton Fire in Altadena, California, US, on Wednesday, Jan. 8, 2025. (Michael Nigro—Bloomberg)
This is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index contains 401 stocks because it includes two share classes of stock from 1 of its ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...