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You are here: Home / News / State Farm Reports $6.2B Net Income in 2015, Up 47.6% from 2014

State Farm Reports $6.2B Net Income in 2015, Up 47.6% from 2014

March 1, 2016 By CollisionWeek Editor

Realized capital gains drive net income growth. Auto insurance earned premiums up $1 billion in 2015 versus 2014. Auto underwriting loss widens.

The State Farm property-casualty (P-C) companies reported total revenue, which includes premium revenue, earned investment income, and realized capital gains (losses), was $75.7 billion for 2015 compared with $71.2 billion for 2014. State Farm reported net income of $6.2 billion in 2015, compared with $4.2 billion in net income in 2014. The increase in net income included a $3.0 billion increase in realized capital gains due to two corporate mergers impacting stocks owned within the unaffiliated stock portfolio.

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Filed Under: News Tagged With: Auto Insurance, Earnings, State Farm

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