Based on financial results released in February 2025, State Farm reported a net income of $5.3 billion for the full year 2024. While the company experienced a $6.1 billion underwriting loss in its property-casualty business, this was offset by investment gains, resulting in an overall profit for the company.
Key
2024 financial results released in Feb. 2025:
Net
Income: $5.3 billion.
Underwriting
Loss: $6.1 billion for the P-C group.
Earned
Premium: $103.0 billion.
Net
Worth: $145.2 billion (up from $134.8 billion in 2023).
This represents a significant improvement from 2023, which saw a $6.3 billion net loss, notes WGLT.
State Farm has not yet released its full-year financial results for 2025, as these reports are typically published in late February of the following year. However, according to its 2024 results (announced in February 2025), the company reported a significant financial turnaround:
Net
Income (Profit): State Farm reported $5.3 billion in net income
for the 2024 fiscal year.
Previous
Year Comparison: This was a major recovery from the $6.3 billion net
loss recorded in 2023.
Total
Revenue: The group's total revenue for the year reached $123 billion.
Net Worth: The company's overall net worth grew to $145.2 billion by the end of 2024, up from $134.8 billion the previous year.
Key
Profit Drivers: The return to profitability was largely driven by $3
billion in realized capital gains and a sharp reduction in underwriting
losses, which dropped from $14.1 billion in 2023 to $6.1 billion in 2024.
For the most up-to-date 2025 data as it becomes available, you can check the official State Farm Newsroom or the State Farm Annual Reports page.
https://www.google.com/search?q=how+much+profit+did+state+farm+make+in+2025+google
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