Overview
State Farm is the largest mutual insurer in the ranking and the largest US company in this list after Berkshire Hathaway. Fortune records 2025 revenue of US$132.3bn, up 7.6%, and profit of US$12,938m, which it notes is based on statutory accounting for mutual insurers.[1] It is classified as a property and casualty mutual.[1]
State Farm strengths and limitations
Strengths
- Largest mutual insurer by revenue
- Profit of US$12,938m in 2025
Limitations
- Mutual profits are reported on statutory accounting and are not directly comparable with stock companies
- Operations concentrated in the US
Appears in
State Farm peers and competitors
Companies ranked in the same lists as State Farm.
- Berkshire Hathaway
Munich Re
Talanx AG- Tokio Marine Holdings
- Chubb
- China Pacific Insurance
- Prudential Financial
- Nationwide
- Generali
- Allstate
- Zurich Insurance Group
New York Life
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