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State Farm Reports Improved 2024 Financial Results Amid Continued Underwriting Losses - CollisionWeek

Summary by CollisionWeek

Auto insurance business sees significant improvement as underwriting losses narrow compared to 2023. State Farm reported net income of $5.3 billion in 2024, a sharp turnaround from the $6.3 billion net loss in 2023. Despite continued underwriting losses in its auto and homeowners insurance businesses, the property and casualty (P-C) group of companies benefited from …

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State Farm Reports Improved 2024 Financial Results Amid Continued Underwriting Losses - CollisionWeek

Auto insurance business sees significant improvement as underwriting losses narrow compared to 2023. State Farm reported net income of $5.3 billion in 2024, a sharp turnaround from the $6.3 billion net loss in 2023. Despite continued underwriting losses in its auto and homeowners insurance businesses, the property and casualty (P-C) group of companies benefited from …

29 days ago

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CollisionWeek broke the news in 29 days ago on Monday, March 3, 2025.

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