State Farm

State Farm is an American insurance conglomerate that provides life, automobile, medical and disability insurance products and services. Read more

94,455 Followers on Owler
94,455 Followers on Owler
94,455 Followers on Owler
94,455 Followers on Owler

State Farm

State Farm is an American insurance conglomerate that provides life, automobile, medical and disability insurance products and services. Read more

Michael L. Tipsord's photo - Chairman & CEO of State Farm

Chairman & CEO

Michael L. Tipsord

CEO Approval Rating

76/100

Founded:

1922

Status:

PrivateIndependent Company

STATE FARM TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Berkshire Hathaway is seen as one of State Farm's top competitors. Berkshire Hathaway's headquarters is in Omaha, Nebraska, and was founded in 1839. Like State Farm, Berkshire Hathaway also works within the Life & Health Insurance industry. Berkshire Hathaway generates 315% of State Farm's revenue.

Allstate is one of State Farm's top rivals. Allstate was founded in 1931, and its headquarters is in Northbrook, Illinois. Like State Farm, Allstate also works within the Life & Health Insurance field. Allstate has 16,140 fewer employees than State Farm.

Liberty Mutual is State Farm's #3 rival. Liberty Mutual is a Private company that was founded in 1912 in Boston, Massachusetts. Like State Farm, Liberty Mutual also competes in the Life & Health Insurance sector. Compared to State Farm, Liberty Mutual has 13,000 fewer employees.

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Growth Score - 1/1

Is $78.9B a good estimate for State Farm's revenue?

State Farm Acquisitions

No recent acquisitions found related to State Farm

State Farm Funding History

Since State Farm was founded in 1922, it has participated in 2 rounds of funding. In total State Farm has raised $177.6M. State Farm's last funding round was on Sep 2018 for a total of $100.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Investment Fund
Sep 2018
$100M
-
Unattributed
Dec 2016
$77.6M
-

Since State Farm was founded in 1922, it has participated in 2 rounds of funding. In total State Farm has raised $177.6M. State Farm's last funding round was on Sep 2018 for a total of $100.0M

State Farm Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Hover is an AI-based mobile application that offers 3D property modeling, interior and exterior design and contracting services for homeowners.
$60M
Nov 16, 2020
Series D
-
Replicant is a conversational AI platform that provides virtual voice agents and natural language processing solutions for call center operators.
$27M
Sep 09, 2020
Series A
-
Homee is a property maintenance platform that allows homeowners and property managers to connect with electricians, plumbers and HVAC technicians.
$4.6M
Jun 29, 2020
Equity
-
$130K
Feb 05, 2019
Grant
-

State Farm News

April 14, 2021CompanyNews HQ

State Farm and U.S. Bank unveil enhanced rewards as part of new consumer and business credit card offerings

State Farm customers can receive cash back on insurance premium payments and the things they buy ever... See more »
April 9, 2021Collision Week

State Farm Announces More Flexibility for Employees to Work from Home

State Farm announced of its employees will spend some time working in the office and some time workin... See more »
March 31, 2021DatacenterDynamics

State Farm buys renewable power purchase commitment for its Texas data center

Insurance firm looks to reduce carbon footprint of its Richardson facility... See more »
March 30, 2021Collision Week

State Farm Announces 50% Greenhouse Gas Reduction Goal by 2030

Insurer releases its first environmental, social, and governance report. State Farm announced its com... See more »
March 11, 2021Insurance Journal

State Farm Returning $400M to California Auto Customers

State Farm is returning $400 million to California mutual auto insurance customers due to better than... See more »
January 4, 2021Collision Week

State Farm to Require CCC Estimating for Select Service Collision Repair Facilities

State Farm, in an email to its Select Service direct repair facilities last week, announced that it w... See more »
December 11, 2020The Business Journals

State Farm puts space for hundreds of employees up for sublease

State Farm is shifting out of its huge Austin office space at 8900 Amberglen Blvd. Employees will con... See more »

State Farm Press Releases

November 19, 2020PRWeb

State Farm Supports NAIFA's LACP Certification for Its Agents

The company, which will pay its agents' certification exam fees, joins a growing list of insurance co... See more »
November 11, 2020PR Distribution

State Farm and 100 Black Men of America, Inc.'s Investment In Youth Was On Full Display During The 2020 Virtual Dollars and $ense Competition

PR Distribution is the industry leading, professional Press Release Distribution and Public Relations... See more »
October 9, 2020Endurance Sportswire

State Farm and EnMotive Announce Pride Stride Partnership

LOS ANGELES & CHICAGO - October 9, 2020 - State Farm has partnered with EnMotive to become a premier ... See more »
September 28, 202024-7 Press Release Newswire

Fort Worth State Farm Agent Linda Allen Donates 200 Water Bottles to Bryson Elementary School Students

Water Fountains at Local School Off Limits Because of Covid 19... See more »
July 8, 2020PRWeb

Eighth Circuit Affirms $34.3M Jury Verdict Against State Farm Life Insurance Co.

Miller Schirger LLC and Stueve Siegel Hanson LLP secured a victory at the Eighth Circuit Court of App... See more »
June 2, 2020PR Newswire

Kessler Topaz Meltzer & Check, LLP Files A Second Consumer Class Action Lawsuit Against State Farm For Denying Business Interruption Claims

RADNOR, Pa., June 2, 2020 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announce... See more »
May 14, 2020PR Newswire

Kessler Topaz Meltzer & Check, LLP Announces The Filing Of A Consumer Class Action Lawsuit Against State Farm For Denying Business Interruption Claims

RADNOR, Pa., May 14, 2020 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announce... See more »

State Farm Videos

October 19, 2019State Farm Vimeo Channel

"48in48 DFW Broll" on VIMEO

Cast: State Farm Insurance... See more »
September 26, 2018State Farm Vimeo Channel

"Boys and Girls Club College Kits" on VIMEO

Cast: State Farm Insurance... See more »
August 20, 2018State Farm Vimeo Channel

"RISD Spring Valley backpacks and supplies" on VIMEO

Cast: State Farm Insurance... See more »
August 2, 2018State Farm Vimeo Channel

""Dog Etiquette"" on VIMEO

What to do (and not to do) when approaching a dog that you don't know? There are certain rules to fol... See more »
April 11, 2018State Farm Vimeo Channel

"Collin College Career Center" on VIMEO

Collin College Student Career CenterCast: State Farm Insurance... See more »
October 12, 2017State Farm Vimeo Channel

"3p Guest Fire Insurance 10-10-17" on VIMEO

Cast: State Farm Insurance... See more »
January 17, 2017State Farm Vimeo Channel

"Robotics in Stem" on VIMEO

Corde jah WalkerCast: State Farm Insurance... See more »

Social Media

State Farm Headquarters

One State Farm Plaza

Bloomington, Illinois61710

800-782-8332

Driving Directions »

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State Farm Summary

ABOUT

Overview

State Farm provides various insurance and financial services. It was founded by retired farmer George J. Mecherle in 1922 as a mutual automobile insurance company owned by its policyholders. Headquartered in Bloomington, Illinois with around 125,000 e...

CEO

State Farm's Chairman & CEO, Michael L. Tipsord, currently has an approval rating of 76%. State Farm's primary competitors are Berkshire Hathaway, Allstate & Liberty Mutual.

Website

statefarm.com

Frequently Asked Questions about State Farm

  1. When was State Farm founded?

    State Farm was founded in 1922
  2. Who is State Farm's CEO?

    State Farm's CEO is Michael L. Tipsord
  3. How much revenue does State Farm generate?

    State Farm generates $78.9B in revenue
  4. How much funding does State Farm have?

    State Farm has historically raised $177.6M in funding
  5. Where is State Farm's headquarters?

    State Farm's headquarters is in Bloomington Illinois, USA
  1. How many employees does State Farm have?

    State Farm has 58,000 employees
  2. What sector does State Farm operate in?

    State Farm is in Life & Health Insurance, Insurance Brokers, Property & Casualty Insurance
  3. Who are State Farm's competitors?

    State Farm's top competitors are Berkshire Hathaway, Allstate, Liberty Mutual
  4. Who has State Farm invested in?

    State Farm's has invested in companies such as HOVER, Replicant, Inc., Homee