State Farm Group Net Income
Net Income of State Farm Insurance 2013-2018
Amounts are in $billions.
|Year||Net Income ($m)|
Total revenue of State Farm, which includes premium revenue, earned investment income and realized capital gains (losses) was $81.7 billion for 2018 versus $78.3 billion for 2017. State Farm reported net income of $8.8 billion in 2018, against $2.2 billion of net income in 2017. The State Farm insurance operations include eleven P-C companies and two life companies, each managed on an individual affiliate level. The P-C companies are primarily engaged in automobile, health, homeowners, commercial multiple peril (CMP) and reinsurance lines of business. The life companies are mainly engaged in individual life insurance and annuity business. The State Farm group also provides banking products and makes mutual funds available through affiliated companies. State Farm provides insurance and financial services products across nearly 83 million policies and accounts.
State Farm Annual Reports.