State Farm Mutual Automobile Insurance Company · Bloomington, IL United States
Company Description
Phone: 309-766-2311
Fax: 309-766-3621
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Rankings
- #34 in FORTUNE 500
More Companies in: Bloomington, Illinois
More Companies in These Related Industries: Health Maintenance Organizations, Life Insurance, Surety Insurance
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This link will open in a new window Like an enormous corporation, State Farm is everywhere. The leading US personal lines property/casualty company (by premiums), State Farm Mutual Automobile Insurance Company is the #1 provider of auto insurance. It also is the leading home insurer and offers nonmedical health and life insurance through its subsidiary companies. Its products are marketed via some 17,000 agents in the US and Canada. Competition has increased with the fall of barriers between the banking, securities, and insurance industries. State Farm's efforts to diversify include a federal savings bank charter (State Farm Bank) that offers consumer and business loans through its agents and by phone, mail, and the Internet. To read the full description, subscribe now.
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Key State Farm Mutual Automobile Insurance Company Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| 2009 Employees | 68,000 |
State Farm Mutual Automobile Insurance Company Executives
26 executives listed for State Farm Mutual Automobile Insurance Company's Bloomington, IL location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Edward Rust | |
| Vice Chairman and Chief Agency and Marketing Officer | Michael Davidson | |
| Vice Chairman and Chief Administrative Officer | James Rutrough |
Competition
Competitive Landscape for State Farm Mutual Automobile Insurance Company
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top State Farm Mutual Automobile Insurance Company Competitors
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