State Farm

One of the nation's largest insurance companies.

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Headquarters:
One State Farm Plaza
Bloomington, IL 61710
Employees: 65,000
CEO: Edward Rust Jr.

Website: http://www.statefarm.com

Career Site

State Farm is one of the top insurance companies in the U.S. It is the nation's largest insurer of homes and insures one out of every five automobiles. It also insures more than 1 million pleasure boats. State Farm also offers banking services and mutual funds to customers.

State Farm has over 80 million policies in force and more than 18,000 insurance agents.

The company has over 44 million auto insurance policies, 27 million property and casualty policies, 7.9 million life insurance policies and 900,000 health insurance policies.

Claims Offices: 343 State Farm claim offices serve policyholders companywide. There are more than 16,000 agent offices. Policy holders can also initiate the claim process online.

State Farm Bank had assets of $15.8 billion at the end of 2013.

Operations Centers: 30 operations centers in 13 zones have staffs that underwrite insurance policies, process claims, and oversee the companies business in their areas.

In 2013, State Farm had total revenues of $68.3 billion, up from $65.3 billion in 2012. The firm reported net income of $5.2 billion in 2013.

The combined net worth for the State Farm group ended 2013 at $75.9 billion compared with $65.4 billion at year-end 2012.

State Farm was founded in 1922 by George Mecherle, a farmer living in Bloomington, IL. Mecherle wanted to create a company that would offer auto insurance to farmers at better rates.

State Farm is not publicly-traded but is a mutual insurance company owned by policy holders.

The company maintains a 99-acre park south of Bloomington, IL for employees called State Farm Park with recreational facilities for softball, swimming, miniature golf, tennis and even a water park.

Benefits

State Farm has employees nationwide with 25 operations centers in 13 regional zones with staffs that underwrite insurance policies, process claims and oversee the business in their areas.

Benefits include medical and dental insurance coverage, life insurance, accident insurance as well as 401 (k) and retirement plans.

State Farm offers a competitive salary along with annual bonus potential and rewards for meeting business objectives.

Full-time employees are eligible for paid vacation according to their years of service. The vacation year runs from June 1 through May 31. Employees with: 1-4 years of service get 10 vacations days; 5-14 years of service get 15 vacation days: 15-19 years get 20 days; 20-24 years get 25 days; and over 30 years of service earn 30 days a year.

Other time off benefits include:

- Seven paid holidays per year
- Three personal days a year
- Time off for funerals, government obligations, doctor or dentist appointments.
- One paid workday to participate in activities benefiting a local school system.
- Paid sick leave
- Paid adoption leave
- Leave of absence
- Military leave
- Paid time off bank for part-time eligible employees.

Updated October 3, 2014