State Farm Reports Strong Showing For 2012
By: Bob Larson
Updated: March 1, 2013
Bloomington based State Farm Insurance reported Friday that it had a strong 2012. The company reported its profits quadrupled to $3.2 billion which is up from $800 million in 2011. The excellent results happened despite a year of several natural disasters including Hurricane Sandy. The company reported a combined net worth of $65.4 billion, a $4.6 billion increase from 2011.
State Farm CEO Ed Rust, Junior earned $9.64 million in 2012.
