Finance Monthly Insurance Awards

51 Finance Monthly. USA Firm Profile State Farm, well known for being a “good neighbor” by “being there” for our customers, was founded in 1922 by retired farmer and insurance salesman George Jacob “G.J.” Mecherle. We now insure more cars and homes than any other insurer in the U.S. A mutual company, we are focused on our policyholders. State Farm is currently ranked number 36 on the Fortune 500 list of largest companies. The State Farm Story began with Mecherle’s original vision for State Farm: operate fairly and do the right thing for our customers. His vision still guides us today. Our continued mission is to be the first and best choice in the products and services we provide. Originally a single-line auto insurance company, State Farm now offers about 100 products and services, in five different lines of business. We show our commitment to our policyholders by handling nearly 36,000 claims per day. State Farm does the right thing for our customers and we do the right thing for communities. A public leader in auto safety efforts, State Farm helped pass a number of seat belt laws and continues to fight for seat belt and teen driver safety. We are also heavily involved in and support communities through sponsorship of safety programs and organizations. We help build strong communities through activities aimed at preventing and reducing injury and loss. State Farm supports programs that enable home ownership, help create safe neighborhoods, and make homes and highways safer. In our communities, online and offline, through statefarm.com® or one of nearly 19,000 agent offices, State Farm is there. Our Mission, Our Vision, Our Shared Values The State Farm mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. We are people who make it our business to be like a good neighbor; who built a premier company by selling and keeping promises through our marketing partnership; who bring diverse talents and experiences to our work of serving the State Farm customer. Our success is built on a foundation of shared values — quality service and relationships, mutual trust, integrity and financial strength. Our vision for the future is to be the customer’s first and best choice in the products and services we provide. We will continue to be the leader in the insurance industry and we will become a leader in the financial services arena. Our customers’ needs will determine our path. Our values will guide us. “We show our commitment to our policyholders by handling nearly 36,000 claims per day. State Farm does the right thing for our customers and we do the right thing for communities.”

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