State Farm Reports 2025 Results
State Farm reported $12.9 billion in net income on $132.3 billion in total revenue in 2025, compared to $5.3 billion on $123 billion in 2024.
Net worth for the mutual hit $170 billion, up $24.8 billion from 2024, driven by both the P&C operating turnaround and unrealized gains in its stock portfolio.
State Farm’s auto book swung from a $2.7 billion underwriting loss in 2024 to a $4.6 billion gain in 2025. Earned premium grew 5.6% to $71.3 billion while incurred claims dropped from $56.2 billion to $52.6 billion. The auto insurance business represented 63% of the property and casualty companies’ combined net written premium.
State Farm’s home insurance business narrowed its underwriting loss from $3.6 billion to $3.1 billion despite the January 2025 Los Angeles wildfires. Earned premium jumped ~14% to $39.2 billion. Incurred claims rose from $30.1 billion to $33.6 billion. The home segment represents 36% of net written premium, up from 34% a year ago.
State Farm’s life companies posted $2.1 billion in net income on $6.9 billion in premium income, with $924 million in policyholder dividends. New policy volume hit a record $130 billion, pushing individual life insurance in force to $1.22 trillion.
The company announced that it is paying $5 billion back to auto customers through a dividend.
The post State Farm reports 2025 results appeared first on Coverager - Insurance news and insights.
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