About State Farm
State Farm is a company based in Bloomington (United States) founded in 1922. State Farm has raised $66.94 million across 1 funding round. State Farm has completed 1 acquisition, including GAINSCO. State Farm offers products and services including Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance. State Farm operates in a competitive market with competitors including HUB International, AXIS Capital, Manulife, Assurant and Prudential, among others.
- Headquarter Bloomington, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name State Farm Mutual Automobile Insurance Company
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$66.94 M (USD)
in 1 rounds
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Latest Funding Round
$66.94 M (USD), Series C
Jan 01, 2017
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Investors
Not available
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Employee Count
Not available
- Investments & Acquisitions
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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
People of State Farm
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Software Development Team
149 people
Leadership Team
71 people
Sales and Marketing
51 people
Agent Team
36 people
Claims Team
25 people
Operations Team
21 people
Human Resources and Administration
21 people
Legal and Compliance
15 people
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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.
Investments & Acquisitions by State Farm
State Farm has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GAINSCO.
Investment portfolio details for State Farm
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Verified entity values are shown only after access is granted.
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Auto insurance carrier
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Complete acquisition details for State Farm
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Financial Statements - State Farm
Detailed financials for State Farm
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State Farm Comparisons
Peer comparison for State Farm
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Competitors of State Farm
State Farm operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HUB International, AXIS Capital, Manulife, Assurant and Prudential, among others.
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Investment advisory, insurance distribution, and risk management services are provided.
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Diversified insurance services are provided across global markets.
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Life insurance and diversified asset management services are provided.
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Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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Life, health, and financial insurance services are provided globally.
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Detailed competitors of State Farm
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Latest news on State Farm
Complete news archive for 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.
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, AXIS Capital and Assurant.
State Farm offers Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance.
State Farm has made 1 acquisition, including GAINSCO.