The State Farm Success Story
Since 1922, State Farm has been offering consumers some of the most comprehensive and reliable insurance policies for their homes, their cars, their health and their livelihoods. In 2008 State Farm is the leading insurance company for cars and homes in the United States, the leading insurance company for watercraft, and is one of the largest insurers in Canada. The company also offers banking and investment accounts. State Farm has set up more than 80 million insurance policies, investment accounts and bank accounts to date.
The success that State Farm has demonstrated in its 86 years of service is thanks to the excellent employees and agents that have helped build and maintain the company over the years. State Farm currently has approximately 17,000 agents and 67,000 employees. This may sound like a lot, but considering that the company has more than 77 million auto, fire, life and health policies in North America, as well as more than 1.9 million bank accounts, it makes sense. The State Farm team can now boast that their company sits at the 31st spot on the Fortune 500 list of largest companies, proving their success.
The State Farm family of companies is housed under the parent company State Farm Mutual Automobile Insurance. The company explains their mission as helping people to manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm does everything they reasonably can in their daily operations and over the long term to improve the quality of life in the thousands of communities they serve through numerous charitable works. After having built so much success in the communities they serve, this is their way of giving back and saying thanks for everything the company has achieved.
State Farm Insurance is one of the most trusted names in the insurance industry, one of the most notable corporate entities participating in the philanthropic community, and one of the most esteemed names in the business world.