State Farm – A Quick Overview Of The Business

In today’s article, I would like to talk about State Farm: the largest property and casualty insurance provider and auto insurance in the United States. It has 18,000 agents and 30 operations centers. Their primary services are insurance, banking, and investing. Net income in 2017 was USD 2.2 billion, having USD 241.183 in total assets. The particular characteristic that State Farm has is that it relies on exclusive agents to sell insurance. Only State Farm agents can sell State Farm insurance and are limited to sell their products. The company also expanded in banking and mutual funds. In 2018, State Farm increased total revenue, net income, and net worth. It is the number one Auto and Homeowners insurer in the U.S,...