State Farm Mutual Automobile Insurance Company · Bloomington, IL United States
Company Description
Phone: 309-766-2311
Fax: 309-766-3621
Rankings
- #31 in FORTUNE 500
More Companies in: Bloomington, Illinois
More Companies in These Related Industries: Health Maintenance Organizations, Life Insurance, Surety Insurance
View State Farm Mutual Automobile Insurance Company Locations On A US Map
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This link will open in a new window Like an enormous corporation, State Farm is everywhere. The leading US personal lines property/casualty company (by premiums), State Farm Mutual Automobile Insurance Company is the #1 provider of auto insurance. It also is the leading home insurer and offers nonmedical health and life insurance through its subsidiary companies. Its products are marketed via some 17,000 agents in the US and Canada. Competition has increased with the fall of barriers between the banking, securities, and insurance industries. State Farm's efforts to diversify include a federal savings bank charter (State Farm Bank) that offers consumer and business loans through its agents and by phone, mail, and the Internet. To read the full description, subscribe now.
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State Farm Mutual Automobile Insurance Company Reports
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Key State Farm Mutual Automobile Insurance Company Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| 2008 Employees | 68,600 |
State Farm Mutual Automobile Insurance Company Executives
26 executives listed for State Farm Mutual Automobile Insurance Company's Bloomington, IL location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Edward Rust | |
| Vice Chairman and Chief Agency and Marketing Officer | Michael Davidson | |
| Vice Chairman and Chief Administrative Officer | James Rutrough |
Competition
Competitive Landscape for State Farm Mutual Automobile Insurance Company
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top State Farm Mutual Automobile Insurance Company Competitors
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