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State Farm is a U.S. insurance and financial services group headquartered in Bloomington, Illinois. Founded in 1922 by George J. Mecherle, State Farm is best known for auto insurance, but it also writes homeowners (fire), life, health, and commercial lines, along with certain financial services accounts. (Smithsonian Postal Museum)
Quick takeaways
- Total revenue (2024): $123.0 billion. (State Farm Newsroom)
- Net income (2024): $5.3 billion. (State Farm Newsroom)
- Employees: 65,000. (State Farm Newsroom)
- Agent offices: 19,200+. (State Farm Newsroom)
- Policies and accounts served: 96 million+. (State Farm Newsroom)
On this page:
- Company overview
- Financial results
- Employees and agent network
- Policies and accounts
- Methodology
- Sources & references
State Farm overview
- Headquarters: Bloomington, Illinois (U.S.). (Smithsonian Postal Museum)
- Founded: 1922 (by George J. Mecherle). (Smithsonian Postal Museum)
- What it does: Insurance and certain financial services; major lines include auto, homeowners (fire), life, and health. (State Farm Newsroom)
State Farm financial results
Total revenue (2024):
$123.0 billion (total revenue includes premium revenue, earned investment income, and realized capital gains/losses). (State Farm Newsroom)
Net income (2024):
$5.3 billion. (State Farm Newsroom)
Employees and agent network
Number of State Farm employees:
65,000. (State Farm Newsroom)
Number of agent offices:
19,200+. (State Farm Newsroom)
Policies and accounts
Policies and accounts served:
96 million+ policies and accounts (including auto, fire, life, health, commercial policies, and financial services accounts). (State Farm Newsroom)
Note: Some older “fast facts” figures (policy counts by line and daily claims figures) can become outdated quickly. This page prioritizes the most recent company-published totals that are clearly dated in official State Farm reporting.
Methodology
- Primary sources first: Financial figures are taken from State Farm’s official financial results release; scale metrics (employees, agent offices, policies/accounts) are taken from a recent State Farm impact report release.
- No speculation: This page avoids forecasts and uses only reported figures.
Sources & references
