State Farm - wikipedia State Farm Not to be confused with Farmers Insurance. For other uses, see State farm ( disambiguation ). This article needs attention from an expert on the subject. Please add a reason or a talk parameter to this template to explain the issue with the article. Consider associating this request with a WikiProject. ( September 2010 ) State Farm Mutual Automobile Company Type Mutual ( main company ) Industry Insurance Founded June 7, 1922 ; 95 years ago ( 1922 - 06 - 07 ) Founder George J. Mecherle Headquarters Bloomington, Illinois, U.S. Number of locations 18,000 agents 343 claim offices 30 operations centers Area served USA Key people Michael Tipsord ( Vice-Chairman of the board & CEO ) Services Insurance, Banking, Investing Revenue US $ 75.697 billion ( 2015 ) Net income US $ 6.229 billion ( 2015 ) Total assets US $ 241.183 billion ( 2015 ) Total equity US $ 75.900 billion ( 2013 ) Number of employees 70,425 Divisions Insurance ; mutual funds ; State Farm Bank Subsidiaries see Companies below Website www.statefarm.com State Farm Insurance `` Fire Building '' in downtown Bloomington, Illinois. State Farm is a large group of insurance and financial services companies in the United States. The group 's main business is State Farm Mutual Automobile Insurance Company, a mutual insurance firm that also owns the other State Farm companies. The corporate headquarters are in Bloomington, Illinois. State Farm is ranked 44th in the 2013 Fortune 500, which lists American companies by revenue. In 2014, the company sold its Canadian operations to the Desjardins Group, which is continuing to use the State Farm name. Contents 1 History 2 Logo 3 Companies 4 Advertisement 4.1 The Hoopers 5 CEOs 6 Financial services 7 Florida threatened withdrawal 8 Criticism 9 Competition 10 Non-insurance - related 10.1 Sponsorships 10.2 Services 11 See also 12 References 13 External links History State Farm Insurance in Ontario. State Farm was founded in 1922 by retired farmer George J. Mecherle as a mutual automobile insurance company owned by its policyholders. The firm specialized in auto insurance for farmers, and later expanded its services into other types of insurance, such as homeowners and life insurance, and to banking and financial services. The State Farm jingle ( `` Like a good neighbor, State Farm is there '' ) was written by American songwriter Barry Manilow in 1971. A cover was released by Weezer in 2011. In the 1960s State Farm 's first commercial jingle was originally created for The Jack Benny Program. As of December 2013 State Farm had 65,000 employees and 18,000 agents. February 2014 figures show the group servicing 80 million policies in the United States and Canada, of which over 44,000,000 are for automobiles, 27,000,000 are for fire, 7,000,000 for life, and more than 2 million bank accounts. Michael Tipsord is Chairman and CEO of State Farm Mutual Automobile Insurance Company, and president and chief executive officer of State Farm Fire and Casualty Company, State Farm Life Insurance Company, and other principal State Farm affiliates. In 2014, the company sold its operations in Canada to Desjardins Group. Canadian policies were transferred to be underwritten by Desjardins Group on January 1, 2015. The State Farm brand continues to be used for agents and marketing. Logo State Farm 's tri-oval logo from 1953 to 2012. The State Farm interlocked tri-oval logo was created in the mid-to - late 1940s and was updated in 1953. For nearly 60 years, this design was critical to its brand image. On December 23, 2011, State Farm decided to transform its interlocked tri-oval logo to a contemporary logo to showcase the company 's core service offerings of auto, fire, and life. The new logo was introduced January 1, 2012, marking the company 's 90th anniversary. It consists of a simple three - oval design adjacent to the State Farm wordmark. According to Pam El, Marketing Vice President at State Farm, a change in image was needed to employ a bolder presence that could compete in today 's digital world. Companies State Farm Mutual Automobile Insurance Company is the parent company of several wholly owned State Farm subsidiaries : State Farm Fire and Casualty Company State Farm Life Insurance Company State Farm Life and Accident Assurance Company ( NY / CT / WI ) State Farm County Mutual Insurance Company of Texas ( TX auto ) State Farm Mutual Insurance Company of Texas ( TX preferred auto ) State Farm Indemnity Company / State Farm Guaranty Insurance Company ( NJ auto ) State Farm General Insurance Company ( CA home ) State Farm Florida Insurance Company ( FL home ) Dover Bay Specialty Insurance Company State Farm Lloyds ( TX home / commercial ) State Farm Bank, F.S.B. State Farm Investment Management Corp. ( SFIMC ) State Farm VP Management Corp. ( SFVPMC ) State Farm International Service, Inc. State Farm Associate 's Funds Trust State Farm Mutual Fund Trust State Farm Investor Services ( Canada ) Co. State Farm Finance Corporation of Canada SF Insurance Placement Corporation of Canada Insurance Placement Services, Inc. State Farm International Life Insurance Company Ltd. Plaza One Realty Co. State Farm Guaranty Insurance Company State Farm Variable Product Trust Amberjack Ltd. ( Real Estate ) This section needs expansion. You can help by adding to it. ( June 2008 ) Advertisement This commercial structure is from State Farm 's `` Get to a Better State '' campaign that premiered in June 2011, with an increased spending budget. As a result, State Farm 's brand awareness and favorability has gone up considerably. This campaign focuses on making humor out of unfortunate problems that are commonly faced. These commercials then make light of the situation by demonstrating how easy it is to contact an agent and correct the problem that has occurred. Each of these commercials follows a similar structure. A group of one to three people find themselves in an unfortunate situation. Someone in the group will then call on their State Farm agent by singing the jingle `` like a good neighbor, State Farm is there ''. A State Farm agent will then appear and help the group out with their problem. There are a few commercials that deviate from this structure, but still follow the same ultimate pattern. State Farm also has commercials beginning with the words `` State of... '' and another word describing the certain commercial. One notable commercial shows a man awake at 3 : 00 in the morning on the phone with a State Farm representative. This certain commercial begins with State of Unrest. The man 's wife sees him talking on the phone in a secretive manner. She is suspicious and asks who is on the phone, to which her husband says : `` It 's Jake from State Farm ''. The man 's wife then takes the phone and asks, `` What are you wearing, ' Jake from State Farm ? ' '', to which the agent responds in a timid way, `` Uh, khakis ''. Still believing he 's a female, the wife says, `` She sounds hideous '', where the husband replies, `` Well she 's a guy, so... '' In May 2015, a variation of State of Unrest premiered, starring The Coneheads from Saturday Night Live, with Dan Aykroyd and Jane Curtin reprising their respective roles as Beldar and Prymaat. This started an ad campaign with that later added Laraine Newman as Connie. In late 2014, State Farm released a critically acclaimed commercial showing a man ( played by Justin Bartha ) who says that he will `` never '' do something ( such as getting married, having kids, moving to the suburbs, and buying a minivan ), only to do all of those. At the end of the commercial, he admits that he is `` never letting go. '' The commercial is based on the saying `` never say never '' and how people say that they will `` never '' do something, only to do it anyway. The Hoopers The Hoopers is a series of State Farm commercials focusing on a family, including NBA players Chris Paul playing the father, DeAndre Jordan playing the mother, Kevin Love playing the son, Kevin Garnett playing the grandfather and Damian Lillard playing the baby. Additionally, a State Farm agent plays the role of a helpful neighbor in the set of commercials. The commercial series currently has four commercials made, including `` Robbed '', `` Dropping Dimes '', `` No Good Clipper '' and `` The Hawks and The Hornets ''. CEOs CEO Years Served George J. Mecherle 1922 -- 1937 ( 14 ) Raymond Mecherle 1937 -- 1954 ( 16 ) Adlai Rust 1954 -- 1970 ( 15 ) Edward B. Rust, Sr. 1970 -- 1985 ( 14 ) Edward B. Rust, Jr. 1985 -- 2015 ( 29 ) Michael Tipsord 2015 -- present Financial services State Farm has expanded into the financial services arena, such as banking and mutual funds. The bank opened in May 1999 and is operated by State Farm Financial Services, FSB, a subsidiary of State Farm Mutual Automobile Insurance Co. These are separate from its insurance products. State Farm Bank does not have branch offices. Its regular banking services, which include checking and savings accounts, certificates of deposit, and money market accounts, are available to consumers countrywide via the Internet or over the phone, and through agents. Home mortgages are available countrywide over the phone or through agents. Back in the 1950s, State Farm held a contest, among the agents, to come up with ideas to expand the State Farm business. Robert H Kent, agent in Chicago, came up with the idea of providing auto loans to existing policyholders. Robert H Kent was friends with a local bank president at LaSalle NW, and the two teamed up to pilot the auto finance program. State Farm liked the idea so much, that it was rolled out to all the agents. Robert H Kent received royalties on the program for 20 years. This is a significant event, as it created the first marketing partnership between insurance companies and banks. Florida threatened withdrawal This section needs expansion. You can help by adding to it. ( March 2009 ) In early 2009, the State Farm Florida subsidiary, the state 's largest insurer, threatened to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47 % property rate increase. State Farm said that, in Florida, it had paid out $1.21 in claims for every dollar in premiums since 2000. Several other home insurers have pulled out of Florida as well ; many homeowners are now using the Citizens Property Insurance Corporation run by the state government. State Farm has since decided to remain in Florida, although with a reduced amount of property policies. In 2010, State Farm and Renaissance jointly formed DaVinci Reinsurance Ltd. which insured more than 3.5 million homes in 2010. Criticism A 2007 investigation by CNN reported that major car insurance companies, including State Farm and Allstate Insurance, are increasingly fighting claims from those alleging injury. Some injured parties argued these were unfair practices. State Farm and Allstate have denied these allegations. This followed on the heels of criminal investigations by the states of Louisiana and Mississippi, alleging that State Farm had wrongly denied claims stemming from Hurricane Katrina. Plaintiff 's attorney Richard F `` Dickie '' Scruggs later pleaded guilty in March for his role in trying to pay Judge Henry Lackey of Mississippi a $50,000 bribe for a favorable ruling in a related case involving a $26.5 million settlement after Hurricane Katrina. Competition State Farm 's top automobile insurance competitors, based on premium written, include Farmers Insurance, Allstate, Progressive, GEICO, Zurich Financial Services, Reliance Partners, Nationwide, USAA, Liberty Mutual, American International Group, and American Family Insurance Group. Non-insurance - related Sponsorships State Farm sponsored the annual Lone Star Showdown State Farm Center, a multi-purpose arena and home of the University of Illinois at Urbana -- Champaign men 's and women 's basketball teams. State Farm Arena, a multi-purpose complex that features concerts and sports events, located in Hidalgo, Texas. State Farm Classic, a golf tournament for professional female golfers that is part of the LPGA Tour. State Farm Hall, a classroom building at Illinois Wesleyan University in Bloomington, Illinois. State Farm Hall of Business, College of Business Building at Illinois State University in Normal, Illinois, since 2010. State Farm Holiday Classic, an annual high school holiday basketball tournament held in Bloomington - Normal, Illinois each December. State Farm Lone Star Showdown, moniker for all varsity athletics competitions between Texas A&M University and The University of Texas at Austin. State Farm Research and Development Center, a research extension of State Farm Insurance located at the University of Illinois at Urbana - Champaign. State Farm Sales Lab, a clinical sales training center at the University of Central Missouri, where the national State Farm Marketing and Sales Competition is held. State Farm Computer Lab, a computer networking and software development room at the Mansfield University of Pennsylvania, where State Farm has sponsored the purchase of the majority of the equipment. State Farm Territorial Cup Series, moniker for all varsity athletics competitions between the University of Arizona and Arizona State University. NBA Cares Charity Challenge presented by State Farm, a charity program hosted by the NBA. State Farm All - Star Saturday Night, skills competitions that feature NBA players. Services State Farm Safety Patrol -- State Farm, in partnership with several U.S. highway authorities, operates a service called the State Farm Safety Patrol which provides free roadside assistance to stranded motorists on participating highways, when you call the designated telephone number for the Safety Patrol they will respond and provide the following services : fuel refills ; radiator refills ; engine oil refills. Most Safety Patrol personnel are also CPR and Automated External Defibrillator certified. They work to reduce accident rates, minimize the duration time of incidents, assist disabled drivers and remove road debris. Turnpikes which currently participate include, Florida 's Turnpike in the State of Florida and the Pennsylvania Turnpike in the Commonwealth of Pennsylvania. In Ohio, State Farm -- branded safety patrol vans service major highways in the Cincinnati, Toledo, Cleveland, Columbus, Dayton, Akron, and Canton areas on weekdays. See also Illinois portal Companies portal List of United States insurance companies State Farm Downtown Building References ^ Jump up to : `` State Farm Companies ''. State Farm Mutual Automobile Insurance Company. Retrieved January 30, 2017. ^ Jump up to : `` Fast facts about State Farm ''. State Farm Mutual Automobile Insurance Company. Retrieved July 30, 2014. ^ Jump up to : `` State Farm Announces 2013 Financial Results ''. ' State Farm '. February 28, 2014. Retrieved July 30, 2014. Jump up ^ `` Fortune 500 2015 ''. Fortune. 2015. Retrieved March 10, 2017. Jump up ^ `` Fortune 500 2014 ''. Fortune. 2014. Retrieved July 30, 2014. Jump up ^ `` Fortune 500 2013 -- Fortune on CNNMoney.com ''. CNN. Retrieved June 12, 2013. ^ Jump up to : CBC.ca `` Montreal 's Desjardins Group takes over State Farm Canada '', January 15, 2014 Jump up ^ State Farm -- 1960s & 1970s Jump up ^ Weezer cover of State Farm jingle Jump up ^ No, Apple, you did not invent the word `` App '' Jump up ^ `` Change in Canada ''. statefarm.ca. State Farm Canada. Retrieved 5 February 2015. Jump up ^ `` State Farm Contemporizes Its Brand Logo ''. State Farm. Retrieved February 5, 2013. Jump up ^ http://doverbay.statefarm.com/about.shtml Jump up ^ http://www.joesdata.com/companies/Amberjack_Ltd_-_State_Farm_Mutual_Automobile_Insurance_Co_3431267/1.html Jump up ^ `` State Farm ads creating a beer - like buzz ''. Articles.chicagotribune.com. 2011 - 12 - 11. Retrieved 2014 - 08 - 04. Jump up ^ http://www.adweek.com/news/advertising-branding/state-farm-shows-you-how-fit-60-seconds-story-30-second-spot-161880 Jump up ^ `` State Farm TV Commercial, ' Meet the Hoopers ' Ft. Chris Paul, Kevin Love ''. ispot.tv. Retrieved January 30, 2016. Jump up ^ https://www.statefarm.com/finances Jump up ^ `` Florida 's Unnatural Disaster : Charlie Crist, taxpayers and the next hurricane. ''. The Wall Street Journal. February 4, 2009. Retrieved March 29, 2009. Jump up ^ State Farm will stay, Florida insurance regulators say Tampa Bay Times. Tampabay.com ( 2009 - 12 - 16 ). Retrieved on 2013 - 08 - 17. Jump up ^ Reed, Matt ( March 3, 2011 ). `` Insurers still like Florida ''. Florida Today. Melbourne, Florida. pp. 1B. Jump up ^ `` Auto insurers play hardball in minor - crash claims ''. CNN. CNN.com. Retrieved May 24, 2010. Jump up ^ Federal judge rejects $50 M State Farm settlement Jump up ^ Class - Action Lawyer Gets 5 Years in Bribery Cases Jump up ^ Auto Insurance. III. Retrieved on 2013 - 08 - 17. Jump up ^ State Farm Safety Patrol on Florida 's Turnpike and the Sawgrass Expressway official website Jump up ^ State Farm Safety Patrol on the Pennsylvania Turnpike official website Jump up ^ Wert, Mark ( August 4, 2014 ). `` Like a good neighbor ( you know the rest ) ''. The Cincinnati Enquirer. Gannett Company. Retrieved October 18, 2015. External links Wikimedia Commons has media related to State Farm. Official website State Farm Bank State Farm 's Youth Advisory Board State Farm Canada ( operated by Desjardins Group ) State Farm 's University of Illinois Research Center 50 largest banks and bank holding companies in the United States Ally American Express Bank of America Bank of New York Mellon Barclays * BB&T BBVA * BMO * BNP Paribas * Capital One Charles Schwab CIT Citigroup Citizens Comerica Credit Suisse * Deutsche Bank * Discover E-Trade Fifth Third Goldman Sachs HSBC * Huntington JPMorgan Chase KeyBank M&T Mizuho * Morgan Stanley MUFG Union Bank * Mutual of Omaha New York Community Northern Trust People 's United PNC Popular Royal Bank of Canada * Regions Banco Santander * State Farm State Street SunTrust SVB Synchrony Toronto Dominion * TIAA U.S. Bancorp UBS * USAA Wells Fargo Zions * indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only, and is current as of March 31, 2017. Major insurance and reinsurance companies Insurance Composite Aegon Ageas AIG Allianz Allstate Aon Aviva AXA China Pacific Insurance China Taiping Generali ING Japan Post Insurance National Mutual Insurance Federation of Agricultural Cooperatives Ping An Insurance Prudential plc PZU State Farm Insurance The Hartford Unipol UnipolSai USAA Vienna Insurance Group Zurich Insurance Group Farmers Insurance Group General insurance Berkshire Hathaway BNP Paribas Bradesco Seguros Direct Line Group Hyundai Marine & Fire Insurance If P&C Insurance Insurance Australia Group Liberty Mutual Mapfre MS&AD Insurance Group PICC QBE Insurance RSA Insurance Group Samsung Fire & Marine Insurance Sompo Japan Tokio Marine Travelers XL Group Life insurance AIA Aviva Bupa China Life CNP Assurances Dai - ichi Life Great Eastern Jackson Legal & General LIC India Lincoln Manulife Financial Meiji Yasuda Life MetLife New China Life Insurance New York Life Nippon Life Northwestern Mutual Old Mutual Phoenix Group Prudential Financial Samsung Life Scottish Widows Standard Life Sumitomo Life Sun Life Swiss Life Taikang Life Reinsurance China Re Gen Re Hannover Re Korean Reinsurance Company Lloyd 's of London Munich Re Reinsurance Group of America Scor Swiss Re XL Group Methodology : Applicable FY2013 / 14 revenues of over US $3 billion Illinois - based corporations Fortune 500 corporations ( by size -- 2013 ) Walgreens Boots Alliance Archer Daniels Midland Boeing Caterpillar Inc. State Farm Insurance Abbott Laboratories Sears Holdings United Continental Holdings Deere & Company Mondelēz International Allstate McDonald 's Exelon Kraft Heinz Illinois Tool Works Baxter International Navistar International RR Donnelley CDW Hillshire Brands Discover Financial W.W. Grainger Motorola Solutions Dover Corporation Tenneco Ingredion Anixter United Stationers AbbVie Old Republic International Other major public companies ( alphabetically ) ACCO Brands Accretive Health Allscripts Amcol International Corporation Arthur J. Gallagher & Co. Brunswick Corporation Calamos Career Education Corporation Catamaran Corporation CBOE Holdings CF Industries Holdings CME Group CNA Financial Equity Residential Fortune Brands Home & Security General Growth Properties Hospira Hyatt Hotels Corp. Integrys Energy Group Jones Lang LaSalle Kemper Corporation Nalco Holding Company Nicor Northern Trust RLI Corp. Rubicon Technology Stericycle Telephone and Data Systems Titan International Tribune Media Tronc Tootsie Roll Industries ULTA Beauty US Foods USG Corporation Westell Zebra Technologies Other major private companies ( alphabetically ) Ace Hardware Baker & McKenzie Blue Cross Blue Shield Association Claire 's Country Financial Danfoss Power Solutions Dot Foods Eby - Brown Electro - Motive Diesel Flex - N-Gate Follett Corporation Gardner Denver Grant Thornton LLP Health Care Service Corporation Heico Cos. Hendrickson International Hub International Jenner & Block Kirkland & Ellis Marmon Group Mayer Brown Medline Industries Molex Morton Salt Nestlé Frozen Pizza OSI Group Pactiv Reyes Holdings Ryerson, Inc. Sidley Austin Skidmore, Owings & Merrill Solo Cup Company Tellabs TransUnion True Value Wirtz Corporation Related topics Breweries in Illinois Companies in the Chicago metropolitan area Food manufacturers of Chicago Newspapers in Illinois Wineries in Illinois Retrieved from `` https://en.wikipedia.org/w/index.php?title=State_Farm&oldid=798079267 '' Categories : Financial services companies established in 1922 Banks based in Illinois Insurance companies of Canada Mutual insurance companies of the United States Companies based in Bloomington -- Normal Insurance companies based in Illinois Life insurance companies of the United States Auto insurance in the United States Mutual fund families Privately held companies in the United States State Farm Insurance 1922 establishments in Illinois Desjardins Group Hidden categories : Articles needing expert attention with no reason or talk parameter Articles needing unspecified expert attention Articles needing expert attention from September 2010 All articles needing expert attention Use mdy dates from February 2013 Pages using deprecated image syntax Pages using infobox company with unsupported parameters All articles with unsourced statements Articles with unsourced statements from September 2010 Articles to be expanded from June 2008 All articles to be expanded Articles using small message boxes Articles with unsourced statements from February 2014 Articles to be expanded from March 2009 Commons category with page title different than on Wikidata Talk Contents About Wikipedia Deutsch Español فارسی Français Bahasa Indonesia 日本 語 Português Română Русский Simple English Edit links This page was last edited on 30 August 2017, at 21 : 23. 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Question: where is state farm mutual automobile insurance company incorporated
Answer: Bloomington, Illinois