About State Farm
State Farm is a Financial Services company based in Bloomington (United States) founded in 1922. Insurance and financial services are provided to individuals and businesses. State Farm has raised $66.94 million across 1 funding round. State Farm has completed 1 acquisition, including GAINSCO. Its website statefarm.com draws about 18.1 million monthly visits. State Farm offers products and services including Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance. Its focus areas include Insurance Carriers and Diversified. Its legal entity is STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY. Its competitors include HUB International, Assurant and Prudential; 1 of its 3 listed competitors has raised funding.
Company details
State Farm was founded in 1922 in Bloomington, United States, within the insurance and financial services sector. Operations encompass auto, life, health, home, and renters insurance, alongside mortgage loans, vehicle financing, credit cards, banking, mutual funds, and retirement accounts. These offerings serve both individual and business clients across the country. In 2022, revenues reached 89.32 billion, with a net loss of 6.65 billion reported.
- Headquarters Bloomington, United States
- SectorsFinancial Services
- Website category Finance · Insurance
- Phone•••• ••••
- Website statefarm.com
- Social LinkedIn X Facebook
- Legal Name State Farm Mutual Automobile Insurance Company
- Total Equity Funding$66.94M (USD)
in 1 rounds
- Latest Funding Round$66.94M (USD), Series C
Jan 2017
- Investments & Acquisitions
Products & Services of State Farm
State Farm offers a comprehensive portfolio of products and services, including Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance.
Provides coverage for vehicles with discounts and claims support
Offers protection for homes and belongings against damages
Delivers financial security for individuals and families
Covers personal items and liability for renters
Apps and channels of State Farm
State Farm publishes 2 mobile apps with over 15M+ downloads.
Funding Insights of State Farm
State Farm has successfully raised a total of $66.94M through 1 strategic funding round. The most recent funding activity was a Series C round of $66.94 million completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $66.94M
- Total Rounds 1
- Last Round Series C — $66.94M
- First Round $66.94M
(Jan 2017)
All 1 funding rounds of State Farm with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $66.94M | Series C | – | – | – |
People of State Farm
538 people are tracked at State Farm (139 in leadership, 12 in board & advisors, 387 in team).
| Name | Role | Group |
|---|---|---|
Shirley J. Gordon | Vice President Operations | Leadership |
Shayna Ohley | Human Resources Business Partner | Leadership |
Haritha Bandi | Director Emerging Technology | Leadership |
Greg Jones | Operations Vice President | Leadership |
Kenisha Luke | Information Security Director | Leadership |
Dar Hakimi | Vice President - Enterprise Technology | Leadership |
Schuyler Schupbach | Vice President - Enterprise Technology | Leadership |
Kristyn Cook | Executive Vice President and Chief Agency, Sales & Marketing Officer | Leadership |
Beth Snell | Technology Director | Leadership |
Kevin Kosharek | Technology Director | Leadership |
Aszia Pechak | Senior Director Of Marketing | Leadership |
Ed Deford | Marketing Director | Leadership |
Joe Kiesewetter | Technology Director | Leadership |
Lucas Reardon | Technology Director | Leadership |
Sean Schick | Senior Director Information Security - SOC | Leadership |
Tammy Hill | President | Leadership |
David Schuckman | Technology Director | Leadership |
Michelle R. | Chief Communications Officer | Leadership |
Ian Schmehl | Operations Vice President - Enterprise Operations | Leadership |
Thomas Jacob | Director | Leadership |
518 more people are available in the full profile.
Complete people profiles for State Farm
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by State Farm
State Farm has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GAINSCO.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Auto insurance carrier | gainsco.com | Dallas, United States | 1978 | Sep 2020 | $400M |
Complete acquisition details for State Farm
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of State Farm
3 dated milestones of State Farm across 98 years, from founding to its latest funding, stage changes and deals.
- Founded State Farm is founded.
- Funding First funding round of $66.9M.
- Acquisition Acquires GAINSCO.
Competitors of State Farm
State Farm has 3 listed competitors in our database, 1 of them funded. They include HUB International, Assurant and Prudential.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hubinternational.com | 1998 | Chicago, United States | $1.6B | Investment advisory, insurance distribution, and risk management services are provided. | ||
| assurant.com | 1892 | New York, United States | 296 | Homeowner, rental, vehicle, flood, and travel insurance services are provided. | ||
| prudential.com | 1875 | Newark, United States | 40,000 | Life, health, and financial insurance services are provided globally. |
Detailed competitors of State Farm
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of State Farm
The website of State Farm (statefarm.com) receives about 18.1M visits a month and ranks #1,918 among all websites worldwide, #115 in Insurance.
- Monthly visits18.1M
▲ 2.6% vs previous month
- Unique visitors8.4M
per month
- Global rank#1,918
among all websites
- Category rank#115
Finance · Insurance
- Bounce rate34%
- Pages per visit7.4
- Average visit4 min 43 sec
- DevicesDesktop 38% · Mobile 62%
Websites whose visitors overlap most with State Farm. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| geico.com | 100% | 13.7M | #2,897 | View details | |
| progressive.com | 92% | 32.8M | #1,093 | View details | |
| allstate.com | 92% | 11.9M | #3,679 | View details | |
| libertymutual.com | 80% | #7,283 | View details | ||
| amfam.com | 67% | 2.6M | #20,331 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for State Farm
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as State Farm (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about State Farm
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Frequently Asked Questions about State Farm
State Farm was founded in 1922 and raised its 1st funding round 95 years after it was founded.
State Farm is headquartered in Bloomington, United States. It is registered at Bloomington, Indiana, United States.
State Farm is a funded company, having raised a total of $66.94M across 1 funding round to date. The company's 1st funding round was a Series C of $66.94M, raised on Jan 2017.
State Farm was founded in 1922 in Bloomington, United States, within the insurance and financial services sector. Operations encompass auto, life, health, home, and renters insurance, alongside mortgage loans, vehicle financing, credit cards, banking, mutual funds, and retirement accounts. These offerings serve both individual and business clients across the country. In 2022, revenues reached 89.32 billion, with a net loss of 6.65 billion reported.
State Farm's top competitors include HUB International, Assurant and Prudential.
State Farm offers Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance.
State Farm has made 1 acquisition, including GAINSCO.
State Farm operates through State Farm Mutual Automobile Insurance Company.
Yes. State Farm publishes State Farm® and 1 more app, with over 15 million downloads.
The website of State Farm receives about 18.1 million visits a month and ranks #1,918 among all websites worldwide.