Main activity of the group is State Farm Mutual Automobile Insurance Company, a mutual insurance company which also owns other companies State Farm. Headquartered in Bloomington, Illinois.
State Farm is ranked 44th in the 2013 Fortune 500, where US companies a list of income
State Farm was founded in 1922 by retired farmer George J. Mecherle as a mutual automobile insurance company owned by policyholders. The company originally specialized in car insurance for farmers. The company later expanded its services into other forms of insurance, such as homeowners and life insurance, in addition to banking and financial services.
The State Farm jingle ("Like a good neighbor, State Farm is there") was written by American songwriter Barry Manilow in 1971. A cover was released by Weezer in 2011. [6] [7]
As of December 2013 State Farm had 65,000 employees and 18,000 agents. February 2014 figures show the group servicing 80 million policies in the United States and Canada, including more than 44 million are for cars, 27 million for fire 7,000,000 for life, and more than 2 million bank accounts .
Edward B. Rust, Jr. is the current Chairman and CEO of State Farm Mutual Automobile Insurance Company, [2], as well as president and chief executive officer of State Farm Fire and Casualty Company, State Farm Life Insurance Company, State Farm and other major affiliates
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