About State National Companies
State National Companies is a company based in Bedford (United States) founded in 1973 was acquired by Markel in July 2017.. State National Companies has raised $310.5 million across 1 funding round from investors including Markel. State National Companies has completed 2 acquisitions, including Fireman's Fund Insurance Company and United National Group. State National Companies offers products and services including Portfolio Protection, Fronting, and Collateral Protection Insurance.
- Headquarter Bedford, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name State National Companies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$310.5 M (USD)
in 1 rounds
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Latest Funding Round
$310.5 M (USD), Series D
Jun 27, 2014
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Fireman's Fund Insurance Company
& 1 more
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Acquired by
Markel
(Jul 26, 2017)
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Products & Services of State National Companies
State National Companies offers a comprehensive portfolio of products and services, including Portfolio Protection, Fronting, and Collateral Protection Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools to safeguard and manage auto loan portfolios for institutions
Provides support for brokers to access markets and grow business
Insurance to mitigate risks for financial institution borrowers
Unlock access to complete
Funding Insights of State National Companies
State National Companies has successfully raised a total of $310.5M through 1 strategic funding round. The most recent funding activity was a Series D round of $310.5 million completed in June 2014. 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 Total Funding
- Total Rounds 1
- Last Round Series D — $310.5M
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First Round
First Round
(27 Jun 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Series D - State National Companies | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in State National Companies
State National Companies has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Markel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by State National Companies
State National Companies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fireman's Fund Insurance Company and United National Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Animal welfare and habitat preservation are prioritized by the foundation.
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1960 | ||||
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Diversified insurance coverage is offered across multiple sectors and regions.
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1863 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - State National Companies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
State National Companies Comparisons
Competitors of State National Companies
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on State National Companies
Frequently Asked Questions about State National Companies
When was State National Companies founded?
State National Companies was founded in 1973 and raised its 1st funding round 41 years after it was founded.
Where is State National Companies located?
State National Companies is headquartered in Bedford, United States.
Is State National Companies a funded company?
State National Companies is a funded company, having raised a total of $310.5M across 1 funding round to date. The company's 1st funding round was a Series D of $310.5M, raised on Jun 27, 2014.
What does State National Companies do?
State National Companies was established in 1973 in Bedford, United States, within the insurance sector. Focus is placed on collateral protection insurance, which safeguards lenders interests when borrowers fail to maintain required coverage on assets like vehicles and property. Services are delivered through underwriting, policy administration, and claims processing. Operations extend across the United States, supporting financial institutions with risk management solutions.
What products or services does State National Companies offer?
State National Companies offers Portfolio Protection, Fronting, and Collateral Protection Insurance.
How many acquisitions has State National Companies made?
State National Companies has made 2 acquisitions, including Fireman's Fund Insurance Company, and United National Group.
Who are State National Companies's investors?
State National Companies has 1 investor. Key investors include Markel.