Overall earned premiums up five percent to $61.7 billion. Auto earned premiums up 6.9 percent to $38.8 billion.
The State Farm property-casualty (P-C) companies yesterday reported an underwriting loss of $5.5 billion in 2016 on earned premium of $61.7 billion, compared to an underwriting loss of $2.1 billion on earned premium of $58.6 billion in 2015. The 2016 underwriting loss, combined with investment and other income of $4.4 billion (up $0.4 billion from 2015), resulted in a P-C pre-tax operating loss of $1.2 billion. The combined net worth for the State Farm group ended the year at $87.6 billion compared
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