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State Farm
State Farm
is a large group of insurance and financial services companies throughout the United States
United States
with corporate headquarters in Bloomington, Illinois. The group's main business is State Farm
State Farm
Mutual Automobile Insurance
Insurance
Company, a mutual insurance firm that also owns the other State Farm
State Farm
companies.

Contents

1 History 2 Logo 3 Companies 4 Advertisement

4.1 The Hoopers

5 CEOs 6 Financial services 7 Florida
Florida
threatened withdrawal 8 Criticism 9 Competition 10 Non-insurance-related

10.1 Sponsorships 10.2 Services

11 Awards and Recognition 12 See also 13 References 14 External links

History[edit]

State Farm
State Farm
Insurance
Insurance
"Fire Building" in downtown Bloomington, Illinois.

State Farm
State Farm
was founded in 1922 by retired farmer George J. Mecherle as a mutual automobile insurance company owned by its policyholders. The firm specialized in auto insurance for farmers and later expanded services into other types of insurance, such as homeowners and life insurance, and then to banking and financial services. The State Farm
State Farm
jingle ("Like a good neighbor, State Farm
State Farm
is there") was written by American songwriter Barry Manilow
Barry Manilow
in 1971. A cover was released by Weezer
Weezer
in 2011.[7][8] In the 1960s, State Farm's first commercial jingle was originally created for The Jack Benny Program.[9] As of December 2017, State Farm
State Farm
had 70,000 employees and 19,000 agents.[10] February 2014 figures show the group servicing 80 million policies in the United States
United States
and Canada, of which over 44,000,000 are for automobiles, 27,000,000 are for fire, 7,000,000 for life, and more than 2 million bank accounts. Michael Tipsord is Chairman and CEO of State Farm
State Farm
Mutual Automobile Insurance
Insurance
Company,[2] and president and chief executive officer of State Farm
State Farm
Fire and Casualty Company, State Farm
State Farm
Life Insurance Company, and other principal State Farm
State Farm
affiliates.[citation needed] In 2014, the company sold its operations in Canada to Desjardins Group, which is continuing to use the State Farm
State Farm
name.[11] Canadian policies were transferred to be underwritten by Desjardins Group on January 1, 2015. The State Farm
State Farm
brand continues to be used for agents and marketing.[11][12] Logo[edit]

State Farm's tri-oval logo from 1953 to 2012.

The State Farm
State Farm
interlocked red tri-oval logo was created in the mid-to-late 1940s and later updated in 1953. For nearly 60 years, this design was critical to its brand image. On December 23, 2011, State Farm
State Farm
decided to transform its interlocked tri-oval logo to a contemporary logo to showcase the company’s core service offerings of auto, fire, and life. The new logo was introduced January 1, 2012, in celebration of the company’s 90th anniversary. It consists of a simple three-oval design adjacent to the State Farm wordmark. According to Pam El, Marketing Vice President at State Farm, a change in image was needed to employ a bolder presence that could compete in today’s digital world.[13] Companies[edit] State Farm
State Farm
Mutual Automobile Insurance
Insurance
Company is the parent company of several wholly owned State Farm
State Farm
subsidiaries:[1]

State Farm
State Farm
Fire and Casualty Company State Farm
State Farm
Life Insurance
Insurance
Company State Farm
State Farm
Life and Accident Assurance Company (NY/CT/WI) State Farm
State Farm
County Mutual Insurance
Insurance
Company of Texas
Texas
(TX auto) State Farm
State Farm
Mutual Insurance
Insurance
Company of Texas
Texas
(TX preferred auto) State Farm
State Farm
Indemnity Company / State Farm
State Farm
Guaranty Insurance
Insurance
Company (NJ auto) State Farm
State Farm
General Insurance
Insurance
Company (CA home) State Farm
State Farm
Florida
Florida
Insurance
Insurance
Company (FL home) Dover Bay Specialty Insurance
Insurance
Company[14] State Farm
State Farm
Lloyds (TX home/commercial) State Farm
State Farm
Bank, F.S.B. State Farm
State Farm
Investment Management Corp. (SFIMC) State Farm
State Farm
VP Management Corp. (SFVPMC) State Farm
State Farm
International Service, Inc. State Farm
State Farm
Associate's Funds Trust State Farm
State Farm
Mutual Fund Trust State Farm
State Farm
Investor Services (Canada) Co. State Farm
State Farm
Finance Corporation of Canada SF Insurance
Insurance
Placement Corporation of Canada Insurance
Insurance
Placement Services, Inc. State Farm
State Farm
International Life Insurance
Insurance
Company Ltd. Plaza One Realty Co. State Farm
State Farm
Guaranty Insurance
Insurance
Company State Farm
State Farm
Variable Product Trust Amberjack Ltd. (Real Estate)[15]

This section needs expansion. You can help by adding to it. (June 2008)

Advertisement[edit] This commercial structure is from State Farm's "Get to a Better State" campaign that premiered in June 2011, with an increased spending budget. As a result, State Farm’s brand awareness and favorability has gone up considerably. This campaign focuses on making humor out of unfortunate problems that are commonly faced. These commercials then make light of the situation by demonstrating how easy it is to contact an agent and correct the problem that has occurred. Each of these commercials follows a similar structure. A group of one to three people find themselves in an unfortunate situation. Someone in the group will then call on their State Farm
State Farm
agent by singing the jingle “like a good neighbor, State Farm
State Farm
is there”. A State Farm
State Farm
agent will then appear and help the group out with their problem. There are a few commercials that deviate from this structure, but still follow the same ultimate pattern.[citation needed] State Farm
State Farm
also has commercials beginning with the words "State of..." and another word describing the certain commercial. One notable commercial shows a man awake at 3:00 in the morning on the phone with a State Farm
State Farm
representative. This certain commercial begins with State of Unrest. The man's wife sees him talking on the phone in a secretive manner. She is suspicious and asks who is on the phone, to which her husband says: "It's Jake from State Farm". The man's wife then takes the phone and asks, "What are you wearing, 'Jake from State Farm?'", to which the agent responds in a timid way, "Uh, khakis". Still believing he's a female, the wife says, "She sounds hideous", where the husband replies, "Well she's a guy, so…"[16] In May 2015, a variation of State of Unrest premiered, starring The Coneheads from Saturday Night Live, with Dan Aykroyd
Dan Aykroyd
and Jane Curtin
Jane Curtin
reprising their respective roles as Beldar and Prymaat. This started an ad campaign with that later added Laraine Newman
Laraine Newman
as Connie. In late 2014, State Farm
State Farm
released a critically acclaimed commercial showing a man (played by Justin Bartha) who says that he will "never" do something (such as getting married, having kids, moving to the suburbs, and buying a minivan), only to do all of those. At the end of the commercial, he admits that he is "never letting go." The commercial is based on the saying "never say never" and how people say that they will "never" do something, only to do it anyway.[17] The Hoopers[edit] The Hoopers is a series of State Farm
State Farm
commercials focusing on a family, including NBA players Chris Paul
Chris Paul
playing the father, DeAndre Jordan playing the mother, Kevin Love
Kevin Love
playing the son, Kevin Garnett playing the grandfather and Damian Lillard
Damian Lillard
playing the baby. Additionally, a State Farm
State Farm
agent plays the role of a helpful neighbor in the set of commercials.[18] The commercial series currently has four commercials made, including "Robbed","Dropping Dimes", "No Good Clipper" and "The Hawks and The Hornets". CEOs[edit]

CEO Years Served

George J. Mecherle 1922–1937(14)

Raymond Mecherle 1937–1954(16)

Adlai Rust 1954–1970(15)

Edward B. Rust, Sr. 1970–1985(14)

Edward B. Rust, Jr. 1985–2015(29)

Michael Tipsord 2015–2018(3)

Financial services[edit]

State Farm
State Farm
Insurance
Insurance
in Ontario.

State Farm
State Farm
has expanded into the financial services arena, such as banking and mutual funds. The bank opened in May 1999 and is operated by State Farm
State Farm
Financial Services, FSB, a subsidiary of State Farm
State Farm
Mutual Automobile Insurance Co. These are separate from its insurance products. State Farm
State Farm
Bank does not have branch offices. Its regular banking services, which include checking and savings accounts, certificates of deposit, and money market accounts, are available to consumers countrywide via the Internet or over the phone, and through agents. Home mortgages are available countrywide over the phone or through agents.[19] Back in the 1950s, State Farm
State Farm
held a contest among the agents, to come up with ideas to expand the State Farm
State Farm
business. Robert H. Kent, agent in Chicago, came up with the idea of providing auto loans to existing policyholders. Robert H. Kent was friends with a local bank president at LaSalle NW, and the two teamed up to pilot the auto finance program. State Farm
State Farm
liked the idea so much that it was rolled out to all the agents. Robert H. Kent received royalties on the program for 20 years. This is a significant event, as it created the first marketing partnership between insurance companies and banks. Florida
Florida
threatened withdrawal[edit]

This section needs expansion. You can help by adding to it. (March 2009)

In early 2009, the State Farm
State Farm
Florida
Florida
subsidiary, the state's largest insurer, threatened to withdraw from writing property insurance business in Florida
Florida
after state regulators refused to approve a 47% property rate increase. State Farm
State Farm
said that, in Florida, it had paid out $1.21 million USD in claims for every dollar in premiums since 2000. Several other home insurers have pulled out of Florida
Florida
as well; many homeowners are now using the Citizens Property Insurance Corporation run by the state government.[20] State Farm
State Farm
has since decided to remain in Florida, although with a reduced amount of property policies.[21] In 2010, State Farm
State Farm
and Renaissance jointly formed DaVinci Reinsurance Ltd. which insured more than 3.5 million homes in 2010.[22] Criticism[edit] A 2007 investigation by CNN
CNN
reported that major car insurance companies, including State Farm
State Farm
and Allstate
Allstate
Insurance, are increasingly fighting claims from those alleging injury. Some injured parties argued these were unfair practices. State Farm
State Farm
and Allstate have denied these allegations.[23] This followed on the heels of criminal investigations by the states of Louisiana and Mississippi, alleging that State Farm
State Farm
had wrongly denied claims stemming from Hurricane Katrina.[24] Plaintiff's attorney Richard F "Dickie" Scruggs later pleaded guilty in March for his role in trying to pay Judge Henry Lackey of Mississippi
Mississippi
a $50,000 USD bribe for a favorable ruling in a related case involving a $26.5 million USD settlement after Hurricane Katrina.[25] Competition[edit] State Farm's top automobile insurance competitors, based on premium written, include Farmers Insurance, Allstate, Progressive, GEICO, Zurich Financial Services, Reliance Partners, Nationwide, USAA, Liberty Mutual, American International Group, and American Family Insurance
Insurance
Group.[26] Non-insurance-related[edit] Sponsorships[edit]

State Farm
State Farm
sponsored the annual Lone Star Showdown

State Farm
State Farm
Center, a multi-purpose arena and home of the University of Illinois
Illinois
at Urbana–Champaign men's and women's basketball teams. State Farm
State Farm
Arena, a multi-purpose complex that features concerts and sports events, located in Hidalgo, Texas. State Farm
State Farm
Classic, a golf tournament for professional female golfers that is part of the LPGA Tour. State Farm
State Farm
Hall, a classroom building at Illinois
Illinois
Wesleyan University in Bloomington, Illinois. State Farm
State Farm
Hall of Business, College of Business Building at Illinois State University in Normal, Illinois, since 2010. State Farm
State Farm
Holiday Classic, an annual high school holiday basketball tournament held in Bloomington-Normal, Illinois
Illinois
each December. State Farm
State Farm
Lone Star Showdown, moniker for all varsity athletics competitions between Texas
Texas
A&M University and The University of Texas
Texas
at Austin. State Farm
State Farm
Research and Development Center, a research extension of State Farm
State Farm
Insurance
Insurance
located at the University of Illinois
Illinois
at Urbana-Champaign. State Farm
State Farm
Sales Lab, a clinical sales training center at the University of Central Missouri, where the national State Farm Marketing and Sales Competition is held. State Farm
State Farm
Computer Lab, a computer networking and software development room at the Mansfield University of Pennsylvania, where State Farm
State Farm
has sponsored the purchase of the majority of the equipment. State Farm
State Farm
Territorial Cup Series, moniker for all varsity athletics competitions between the University of Arizona and Arizona State University. NBA Cares Charity Challenge presented by State Farm, a charity program hosted by the NBA. State Farm
State Farm
All-Star Saturday Night, skills competitions that feature NBA players. League of Legends Championship Series, the North American branch of the League of Legends Professional League

Services[edit] State Farm
State Farm
Safety Patrol – State Farm, in partnership with several U.S. highway authorities, operates a service called the State Farm Safety Patrol which provides free roadside assistance to stranded motorists on participating highways. When a driver calls the designated telephone number for the Safety Patrol, they will respond and provide the following services: fuel refills; radiator refills; engine oil refills. Most Safety Patrol personnel are also CPR and Automated External Defibrillator certified. They work to reduce accident rates, minimize the duration time of incidents, assist disabled drivers and remove road debris. Turnpikes which currently participate include, Florida's Turnpike
Florida's Turnpike
in the State of Florida[27] and the Pennsylvania Turnpike
Pennsylvania Turnpike
in the Commonwealth of Pennsylvania.[28] In Ohio, State Farm–branded safety patrol vans service major highways in the Cincinnati, Toledo, Cleveland, Columbus, Dayton, Akron, and Canton areas on weekdays.[29] Awards and Recognition[edit] State Farm
State Farm
is ranked 33rd in the 2017 Fortune 500, which lists American companies by revenue.[30] See also[edit]

Illinois
Illinois
portal Companies portal

List of United States
United States
insurance companies State Farm
State Farm
Downtown Building

References[edit]

^ a b " State Farm
State Farm
Companies". State Farm
State Farm
Mutual Automobile Insurance Company. Retrieved January 30, 2017.  ^ a b c "Fast facts about State Farm". State Farm
State Farm
Mutual Automobile Insurance
Insurance
Company. Retrieved July 30, 2014.  ^ " State Farm
State Farm
CEO". Retrieved 29 March 2018.  ^ a b " State Farm
State Farm
Announces 2016 Financial Results". 'State Farm'. February 28, 2017. Retrieved October 30, 2017.  ^ " Fortune 500
Fortune 500
2015". Fortune. 2015. Retrieved March 10, 2017.  ^ " Fortune 500
Fortune 500
2014". Fortune. 2014. Retrieved July 30, 2014.  ^ " State Farm
State Farm
Story – State Farm®". State Farm. Retrieved January 28, 2018.  ^ rmarshall. " Weezer
Weezer
Releases Brilliant State Farm
State Farm
Insurance
Insurance
Jingle (Really!) - Prefixmag.com". Retrieved January 28, 2018.  ^ "No, Apple, you did not invent the word "App" - Bizarre Records". bizarrerecords.com. Retrieved January 28, 2018.  ^ " State Farm
State Farm
CEO – State Farm®". State Farm. Retrieved 2017-12-02.  ^ a b "Montreal's Desjardins Group takes over State Farm
State Farm
Canada". Retrieved January 28, 2018.  ^ "Change in Canada". statefarm.ca. State Farm
State Farm
Canada. Retrieved 5 February 2015.  ^ " State Farm
State Farm
Contemporizes Its Brand Logo". State Farm. Retrieved February 5, 2013.  ^ "About Dover Bay Insurance
Insurance
State Farm
State Farm
®". doverbay.statefarm.com. Retrieved January 28, 2018.  ^ "Amberjack Ltd State Farm
State Farm
Mutual Automobile Insurance
Insurance
Co - Bloomington, IL(Illinois) - Joesdata.com". www.joesdata.com. Retrieved January 28, 2018.  ^ " State Farm
State Farm
ads creating a beer-like buzz". Articles.chicagotribune.com. 2011-12-11. Retrieved 2014-08-04.  ^ " State Farm
State Farm
Shows You How to Fit 60 Seconds of Story Into a 30-Second Spot". Retrieved January 28, 2018.  ^ " State Farm
State Farm
TV Commercial, 'Meet the Hoopers' Ft. Chris Paul, Kevin Love". ispot.tv. Retrieved January 30, 2016.  ^ "Financial Services – State Farm®". State Farm. Retrieved January 28, 2018.  ^ "Florida's Unnatural Disaster: Charlie Crist, taxpayers and the next hurricane". The Wall Street Journal. February 4, 2009. Retrieved March 29, 2009.  ^ State Farm
State Farm
will stay, Florida
Florida
insurance regulators say Tampa Bay Times Archived May 13, 2013, at the Wayback Machine.. Tampabay.com (2009-12-16). Retrieved on 2013-08-17. ^ Reed, Matt (March 3, 2011). "Insurers still like Florida". Florida Today. Melbourne, Florida. pp. 1B.  ^ "Auto insurers play hardball in minor-crash claims". CNN. CNN.com. Retrieved May 24, 2010.  ^ "Federal judge rejects $50 million USD State Farm
State Farm
settlement". Retrieved January 28, 2018.  ^ Bhattarai, Abha (June 28, 2008). "Class-Action Lawyer Gets 5 Years in Bribery Case". Retrieved January 28, 2018 – via NYTimes.com.  ^ Auto Insurance. III. Retrieved on 2013-08-17. ^ State Farm
State Farm
Safety Patrol on Florida's Turnpike
Florida's Turnpike
and the Sawgrass Expressway official website Archived April 10, 2009, at the Wayback Machine. ^ " State Farm
State Farm
Safety Patrol on the Pennsylvania Turnpike
Pennsylvania Turnpike
official website". Archived from the original on March 20, 2015. Retrieved January 28, 2018.  ^ Wert, Mark (August 4, 2014). "Like a good neighbor (you know the rest)". The Cincinnati
Cincinnati
Enquirer. Gannett Company. Retrieved October 18, 2015.  ^ " Fortune 500
Fortune 500
2013 – Fortune on CNNMoney.com". CNN. Retrieved June 12, 2013. 

External links[edit]

Wikimedia Commons has media related to State Farm.

Official website

State Farm
State Farm
Bank State Farm's Youth Advisory Board

State Farm
State Farm
Canada (operated by Desjardins Group) State Farm's University of Illinois
Illinois
Research Center

v t e

Major insurance and reinsurance companies

Insurance

Composite

Aegon Ageas AIG Allianz Allstate Aon Aviva AXA China Pacific Insurance China Taiping Generali ING Japan Post Insurance National Mutual Insurance
Insurance
Federation of Agricultural Cooperatives Ping An Insurance Prudential plc PZU State Farm
State Farm
Insurance The Hartford Unipol

UnipolSai

USAA Vienna Insurance
Insurance
Group Zurich Insurance
Insurance
Group Farmers Insurance
Farmers Insurance
Group

General insurance

Berkshire Hathaway BNP Paribas Bradesco Seguros Direct Line Group Hyundai Marine & Fire Insurance If P&C Insurance Insurance
Insurance
Australia Group Liberty Mutual Mapfre MS&AD Insurance
Insurance
Group PICC QBE Insurance RSA Insurance
Insurance
Group Samsung Fire & Marine Insurance Sompo Japan Tokio Marine Travelers XL Group

Life insurance

AIA Aviva Bupa China Life CNP Assurances Dai-ichi Life Great Eastern Jackson Legal & General LIC India Lincoln Manulife Financial Meiji Yasuda Life MetLife New China Life Insurance New York Life Nippon Life Northwestern Mutual Old Mutual Phoenix Group Prudential Financial Samsung Life Scottish Widows Standard Life Sumitomo Life Sun Life Swiss Life Taikang Life

Reinsurance

China Re Gen Re Hannover Re Korean Reinsurance Company Lloyd's of London Munich Re Reinsurance Group of America Scor Swiss Re XL Group

Methodology: Applicable FY2013/14 revenues of over US$3 billion

v t e

50 largest banks and bank holding companies in the United States

Ally American Express Bank of America Bank of New York Mellon Barclays* BB&T BBVA* BMO Harris* BNP Paribas* Capital One Charles Schwab CIT Citigroup Citizens Comerica Credit Suisse* Deutsche Bank* Discover E-Trade Fifth Third First Horizon Goldman Sachs HSBC* Huntington JPMorgan Chase KeyBank M&T* Morgan Stanley MUFG Union Bank* Mutual of Omaha New York Community Northern Trust People's United PNC Popular RBC* Regions Banco Santander* State Farm State Street SunTrust SVB Synchrony TD* TIAA U.S. Bancorp UBS* USAA Wells Fargo Zions

* indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only, and is current as of March 31, 2017.

v t e

Illinois
Illinois
based corporations

Fortune 500 corporations (by size–2013)

AbbVie Abbott Laboratories Allstate Anixter Archer Daniels Midland Baxter International Boeing Caterpillar CDW Discover Financial Dover Corporation Exelon Hillshire Brands Illinois
Illinois
Tool Works Ingredion John Deere Kraft Heinz McDonald's Mondelēz International Motorola Solutions Navistar International Old Republic International RR Donnelley Sears Holdings State Farm
State Farm
Insurance Tenneco United Continental Holdings United Stationers Walgreens Boots Alliance WW Grainger

Other major public companies (alphabetically)

ACCO Brands Accretive Health Allscripts Amcol International Corporation Arthur J Gallagher & Co Brunswick Corporation Calamos Career Education Corporation Catamaran Corporation CF Industries Chicago Board Options Exchange CME Group CNA Financial Equity Residential Fortune Brands Home & Security General Growth Properties Hospira Hyatt
Hyatt
Hotels Corp Integrys Energy Group JLL Kemper Corporation Nalco Holding Company Nicor Northern Trust RLI Corp Rubicon Technology Stericycle Telephone and Data Systems Titan International Tribune Media Tronc Tootsie Roll Industries ULTA Beauty US Foods USG Corporation Westell Zebra Technologies

Other major private companies (alphabetically)

Ace Hardware Baker McKenzie Blue Cross Blue Shield Association Claire's Country Financial Danfoss Power Solutions Dot Foods Eby-Brown Electro-Motive Diesel Flex-N-Gate Follett Corporation Gardner Denver Grant Thornton Health Care Service Corporation Heico Cos Hendrickson International Hub International Jenner & Block Kirkland & Ellis Marmon Group Mayer Brown Medline Industries Molex Morton Salt Nestlé
Nestlé
Frozen Pizza OSI Group Pactiv Reyes Holdings Ryerson Sidley Austin Skidmore, Owings & Merrill Solo Cup Company Tellabs TransUnion True Value Wirtz Corporation

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