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You are here: Home / News / State Farm Reports 2018 Underwriting Gain, 8.77% Decline in Auto Claims Cost and Loss Adjustment Expense

State Farm Reports 2018 Underwriting Gain, 8.77% Decline in Auto Claims Cost and Loss Adjustment Expense

March 1, 2019 By CollisionWeek Editor

In 2018, State Farm experienced a property-casualty underwriting gain, as well as increases in total revenue, net income and net worth. As the number one Auto and Homeowners insurer in the U.S., State Farm remains committed to serving its policyholders. The State Farm property-casualty (P-C) group of companies reported a combined underwriting gain of $1.7 billion in 2018 on earned premium of $65.2 billion, compared to an underwriting loss of $6.5 billion on earned premium of $63.9 billion in 2017. The 2018 underwriting gain, combined with investment and other income of $4.7 billion, resulted in a P-C pre-tax operating gain

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Filed Under: News Tagged With: Earnings, State Farm

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