Insurer’s auto business swings to first underwriting profit since 2020, citing lower repair costs and fewer collisions.
State Farm reported net income of $12.9 billion in 2025, more than doubling the $5.3 billion posted in 2024 and marking the company’s strongest annual result in recent history. The turnaround was driven by a return to underwriting profitability in the auto insurance business and rising investment income.
The State Farm property and casualty (P-C) group reported earned premium of $111.6 billion and a combined underwriting gain of $1.5 billion — the first P-C underwriting profit since 2020 and a stark reversal from
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