About Business
State Farm Insurance is an organization or a group of mutual insurance companies across the U.S. which is located in Bloomington, Illinois. The company was established in 1922 and is the largest provider of auto insurance, casualty, and property in the United States. State Farm ranked 39th on the Fortune 500 in 2024 by revenue among top American insurance companies. The company mainly depends on captive agents to sell health insurance. The bank was opened in May 1999 and is operated by State Farm Financial Services. Initially focusing on auto insurance for farmers, State Farm later expanded its services to include life insurance and different banking services.