Company profile
- Industry
- Insurance
- Founded
- 1922
- Headquarters
- Bloomington, United States
- Ownership
- Mutual insurance company (policyholder-owned)
Profiles are auto-generated and infrequently updated.
Decisions on record
2 verified Decision Records on State Farm, and the casebook each one belongs to.
| Fork date | Decision type | What State Farm chose | Where it stood | The story | Casebook |
|---|---|---|---|---|---|
| 2023 | Crisis Response | Stop writing and shrink book | three-party settlement confirmed the 17% interim homeowners rate and extended non-renewal freeze through end of 2026 (2026-03) | Read the story → | Crisis Response Casebook → |
| 2026 | Asset-Light Bet | Pay cash-back dividend | Too early to call | Read the story → | Asset-Light Bet Casebook → |
Run one of these yourself
The decisions State Farm faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
The analyses
The Structural Bind · Boundaries of the Firm
The Structure That Let State Farm Eat $33 Billion in Losses Also Ended Its 84-Year Reign
State Farm absorbed $33B+ in underwriting losses from 2022-2024 without raising a dime of capital. The same mutual-plus-captive-agent structure that let it do that just cost it an 84-year reign as America's #1 auto insurer.
8 min
The Asset-Light Operator · Boundaries of the Firm
State Farm Could Sell Itself Tomorrow. The Math Says Don't.
Every public insurer answers to shareholders. State Farm answers to no one — and by killing the dividend claim, it has compounded a $170 billion surplus into a moat capital markets can't replicate.
7 min
The Crisis Response · Crisis & Reinvention
A 1988 Ballot Measure Held Prices Below Risk and Cost State Farm $5 Billion in California
For nine years State Farm paid $1.26 in California claims for every premium dollar it took in - over $5 billion in losses. The pullback gets blamed on wildfires. The real culprit was a 1988 ballot measure that wouldn't let the price catch up to the risk.
8 min