Published 2 months ago

State Farm reports increase in net worth in 2023 financial report

Summary by Ground News

State Farm property and casualty insurance companies reported a $3.5 billion increase in its net worth, ending 2023 at $134.8 billion. The company received more than 28,000 claims per day and it paid $12 billion in catastrophic loss claims. The amount of individual life insurance in force at the end of the year was $1.1 trillion.

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CENTRALILLINOISPROUD

State Farm reports increase in net worth in 2023 financial report

NORMAL, Ill. (WMBD) -- State Farm property and casualty insurance companies reported a $3.5 billion increase in its net worth, ending 2023 at $134.8 billion. The year saw a growth in policies. The nation’s largest auto and homeowners insurer noted, however, that catastrophic claims were significant. State Farm sees high number of home and auto claims after Thursday storms The company received more than 28,000 claims per day and it paid …

2 months ago

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