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Company Profiles: Revenue, Growth, Competition

STATE FARM MUTUAL AUTOMOBILE INSURANCE Revenue, Growth & Competitor Profile

DBA STATE FARM INSURANCE
Last updated:

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
Additional NAICS Codes52415
AddressOne State Farm Plaza
Bloomington, IL 61710

1231
Note: Revenues for privately held companies are statistical evaluations.


State Farm Mutual Automobile Insurance's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. It is classified as operating in the Insurance Carriers industry.


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 Annual Revenue and Growth Rate

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



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




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

$ Millions
(Industry Average)
State Farm Mutual Automobile Insurance 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
 


Recession Risk

Determine whether State Farm Mutual Automobile Insurance grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof State Farm Mutual Automobile Insurance is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.



U.S. Industry Overview & Market Statistics:
Insurance Carriers

Publisher: AnythingResearch

  • Market Size
  • Growth Rate
  • 5-Year Market Forecast
  • Average Company Size & Growth
  • Salary & Compensation Benchmarks



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)
PRINCIPAL LIFE INSURANCEDes Moines, IA100 
ELEVANCE HEALTHIndianapolis, IN44 
SECURIAN LIFE INSURANCESaint Paul, MN33 
ATH HOLDINGIndianapolis, IN31 
HUMANALouisville, KY27 
STATE FARM MUTUAL AUTOMOBILE INSURANCEBloomington, IL26 
AMALGAMATED LIFE INSURANCE COMPANY EMPLOYEE BENEFIT FUNDWhite Plains, NY25 
PRUDENTIAL INSURANCENewark, NJ14 
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 
BLISS MCKNIGHTBloomington, IL0 
LANDER VAN GUNDY AGENCYNormal, IL0 
JIM SPACHMAN STATE FARM AGENCYBloomington, IL0 
RICHARD A. MCLEANBloomington, IL0 
MIDWESTERN INSURNACE ASSOCIATES AGENCYMinier, 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