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Company Profiles: Revenue, Growth, Competition

State Farm Mutual Automobile Insurance Revenue, Growth & Competitor Profile

DBA STATE FARM INSURANCE
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Company Awards

VC / Private Equity
Venture Capital / Private Equity
Fast Growing
Fastest Growing
Big Fish
Big Fish
Brain Power (IP)
Patent/Trademark IP
 

Company Profile & Annual Report for State Farm Mutual Automobile Insurance

Access the complete profile.

State Farm Mutual Automobile Insurance Fast Facts

RevenueOver $500 million    See Exact Annual Revenue
EmployeesOver 1,000Exact Company Size
Primary Industry5241 Insurance Carriers
AddressOne State Farm Plaza
Bloomington, IL 61710

Note: Revenues for privately held companies are statistical evaluations.


State Farm Mutual Automobile Insurance's Annual Report & Profile shows critical firmographic facts:
  • What is the company's size? (Annual sales and employees)
  • What industry is the company in?
    • State Farm Mutual Automobile Insurance is classified as operating in the Insurance Carriers industry, NAICS Code 5241.

State Farm Mutual Automobile Insurance Annual Revenue and Growth Rate

State Farm Mutual Automobile Insurance Revenue Est.
($ Million)
Growth Rate (%)# Employees
2023 Over $500 million

Details in Premium Report
2022
2021
2020
2019


1-Year Growth Rate:
3-Year Growth Rate (CAGR):
Premium Report

Note: State Farm Mutual Automobile Insurance's revenues are gauged from an analysis of company filings.



State Farm Mutual Automobile Insurance's Income Statement (based on Industry Averages)

State Farm Mutual Automobile Insurance P&L$ Millions
Revenue (Sales) State Farm Mutual Automobile Insurance Premium Report
Cost of Goods Sold
Gross Profit

Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit
 


Investor Activity

State Farm Mutual Automobile Insurance has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date Investors Percent Raised Target Size
January 16, 2024 2050 N/A$0 MM
Complete list of funding rounds and total amounts in the Company Report




Trademark Applications

Trademark applications show the products and services that State Farm Mutual Automobile Insurance is developing and marketing. State Farm Mutual Automobile Insurance's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark Date
FROM CAR SEAT TO DRIVER'S SEAT
Promoting public awareness of the importance of vehicle driver and passenger safety
07/19/2023
DRIVE SAFE & SAVE
Downloadable mobile application for collecting, analyzing, managing and transmitting data about mileage and driving behavior of motorists; Downloadable computer software for use in vehicle systems for collecting, analyzing, managing and transmitting data about mileage and driving behavior of motorists; Downloadable computer software utilizing telematics technology to collect and provide information relating to driving behavior of motorists to improve driving performance; Downloadable computer software in the nature of mobile applications and computer software for monitoring and transmission of vehicle telematics and driver data for purposes of automobile insurance and risk assessment
05/18/2023
PERSONAL PRICE PLAN
Insurance services, namely, underwriting, issuance and administration of property, casualty and liability insurance
09/08/2022

See all trademarks and details in the Full Report.


Market Share of State Farm Mutual Automobile Insurance's Largest Competitors

A competitive analysis shows these companies are in the same general field as State Farm Mutual Automobile Insurance, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company HeadquartersRevenue ($ MM)
CENTRUM VALLEY HOLDINGSClarion, IA100 
ELEVANCE HEALTHIndianapolis, IN44 
SECURIAN LIFE INSURANCESaint Paul, MN33 
ATH HOLDINGIndianapolis, IN31 
HUMANALouisville, KY30 
STATE FARM MUTUAL AUTOMOBILE INSURANCEBloomington, IL26 
AMALGAMATED LIFE INSURANCE COMPANY EMPLOYEE BENEFIT FUNDWhite Plains, NY25 
PRUDENTIAL INSURANCENewark, NJ24 
AMERICAN INTERNATIONAL GROUPNew York, NY13 




Nearby Competitors

These companies are similar in business line and location to State Farm Mutual Automobile Insurance. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company HeadquartersRevenue ($ MM)
STATE FARM MUTUAL AUTOMOBILE INSURANCEBloomington, IL100 
HIROAD ASSURANCEBloomington, IL1 
TENTAC ENTERPRISESBloomington, IL0 
COMPASS INSURANCE PARTNERSFairbury, IL0 
CLEMENS & ASSOCIATESBloomington, IL0 
SNYDER PROPERTIES TRUSTBloomington, IL0 
BLISS MCKNIGHTBloomington, IL0 
LANDER VAN GUNDY AGENCYNormal, IL0 
JIM SPACHMAN STATE FARM AGENCYBloomington, IL0 
RICHARD A. MCLEANBloomington, IL0 




Future Competition: State Farm Mutual Automobile Insurance's Fastest Growing Competitors

These companies are in the same general field as State Farm Mutual Automobile Insurance and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

CompanyRevenue ($ MM)
State Farm Mutual Automobile Insurance Competitors