State Farm
Financial Performance
State Farm Revenue & Financials
Revenue
$132.3B (FY2025)
Net Income
$12.9B
Employees
65,000
What is State Farm's revenue?
State Farm had $132.3B in revenue for fiscal year 2025, up 7.6% from 2024. Net income was $12.9B.
- Latest revenue
- $132.3B (FY2025)
- Year-over-year
- +7.6%
- Growth rate (CAGR)
- 6.3% over 9 years
- Peak revenue
- $132.3B (FY2025)
- Years of data
- 10
- Employees
- 65,000
- What is State Farm's operating income?
- State Farm reported operating income of $1.5B for fiscal year 2025. newsroom.statefarm.com
- How much profit does State Farm make?
- State Farm reported net income of $12.9B for fiscal year 2025. newsroom.statefarm.com
- How many employees does State Farm have?
- State Farm has about 65,000 employees.
Financial Analysis
State Farm generated $132.3 billion in consolidated revenue and achieved a record net income of $12.9 billion in fiscal year 2025, marking an extraordinary financial turnaround from the inflationary headwinds of 2022-2023. Earned property and casualty insurance premiums expanded to $111.6 billion, driven by essential rate revisions and policy growth across automobile and homeowners lines. Net investment income and capital gains surged to $17.8 billion in FY2025, supported by higher reinvestment yields on fixed-income securities and robust equity market appreciation. State Farm's life insurance affiliates contributed $4.0 billion in premium and annuity revenue, adding $1.1 billion in net earnings. Crucially, State Farm Mutual Automobile Insurance Company expanded its policyholder net worth (capital surplus) to an all-time record $170.0 billion at year-end 2025. This balance sheet strength underpins State Farm's AM Best financial strength rating of A++ (Superior), providing total financial security across its 94 million policies in force.
Revenue Trend Analysis
YoY Change
+7.6%
9-Year CAGR
+6.3%
Peak Year
2025
Trend
Consistent Growth
State Farm has 10 full fiscal year figures on this page, compounding at +6.3% annually over 9 years. The most recent year saw a 7.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $132.3B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $132.3B | $1.5B | $12.9B | +7.6% | State Farm Annual Financial Results (Statutory Filings) |
| FY2024 | $123B | $1.1B | $5.3B | +18.0% | State Farm Annual Financial Results (Statutory Filings) |
| FY2023 | $104.2B | -$8.5B | -$6.3B | +16.7% | State Farm Annual Financial Results (Statutory Filings) |
| FY2022 | $89.3B | -$8.3B | -$6.7B | +8.6% | State Farm Annual Financial Results (Statutory Filings) |
| FY2021 | $82.2B | -$4.7B | $1.3B | +4.2% | State Farm Annual Financial Results (Statutory Filings) |
| FY2020 | $78.9B | $1.6B | $3.7B | -0.6% | State Farm Annual Financial Results (Statutory Filings) |
| FY2019 | $79.4B | $777M | $5.6B | -2.8% | State Farm Annual Financial Results (Statutory Filings) |
| FY2018 | $81.7B | $6.3B | $8.8B | +4.3% | State Farm Annual Financial Results (Statutory Filings) |
| FY2017 | $78.3B | -$1.7B | $2.2B | +2.9% | State Farm Annual Financial Results (Statutory Filings) |
| FY2016 | $76.1B | -$1.2B | $400M | — | State Farm Annual Financial Results (Statutory Filings) |
Click any row to see year details.
Keep researching State Farm
State Farm Revenue and Financial FAQ
What was State Farm's total revenue and net income in FY2025?
State Farm reported record consolidated total revenue of $132.3 billion and net income of $12.9 billion in fiscal year 2025, recovering sharply from inflationary pressures experienced in 2022-2023.
What is State Farm's current policyholder net worth (capital surplus)?
State Farm Mutual Automobile Insurance Company ended 2025 with an all-time record policyholder surplus of $170.0 billion, representing the largest capital reserve in the U.S. property-casualty insurance sector.
What caused State Farm's underwriting losses in 2022 and 2023?
State Farm experienced severe underwriting losses ($13.2B in auto in 2022) due to sudden post-pandemic inflation in vehicle parts, repair labor, used car valuations, and widespread convective hail catastrophes.
What is State Farm's credit rating from AM Best?
State Farm Group maintains an AM Best Financial Strength Rating of A++ (Superior), the highest rating category possible, reflecting exceptional balance sheet strength and operating performance.
How much earned premium does State Farm generate in auto insurance?
In FY2025, State Farm generated approximately $71.3 billion in earned automobile insurance premiums, representing over 53% of its consolidated enterprise revenues.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "State Farm Revenue & Financials." CorpDigest, https://corpdigest.com/company/state-farm/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>State Farm reported $132.3B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/state-farm/financials" target="_blank" rel="noopener">CorpDigest — State Farm financials</a></div>Related Financial Audits
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