Who Owns State Farm Home Insurance?
State Farm Home Insurance is the homeowners and property product line of State Farm Mutual Automobile Insurance Company, headquartered in Bloomington, Illinois. It is the largest home insurer in the United States. The homeowners and related property lines posted a combined underwriting loss of $3.1 billion in 2025, improved from $3.6 billion in 2024, driven largely by catastrophe claims including more than $5 billion paid after the January 2025 Los Angeles wildfires, a figure expected to approach $7 billion.
Parent Company
Founded
1922
Status
Private
Headquarters
Who Owns State Farm Home Insurance?
- Parent Company: State Farm Mutual Automobile Insurance Company
- Ownership Type: Mutual
- Company Type: Privately Held
- Stock Ticker: N/A: N/A
| Brand | Parent Company | Ownership Type |
|---|---|---|
| State Farm Home Insurance | State Farm Mutual Automobile Insurance Company | Mutual |
History of State Farm Home Insurance
- Founded: 1922
- Founders: George J. Mecherle
State Farm added fire insurance to its auto business in the 1930s, forming what became State Farm Fire and Casualty Company, and grew into the largest US homeowners insurer over subsequent decades on the strength of its exclusive-agent network. The brand's scale in homeowners coverage mirrors its auto dominance.
The 2010s and 2020s brought escalating catastrophe losses: Hurricanes Harvey, Irma, Ian, and Helene, repeated western wildfire seasons, and convective storm trends repeatedly pushed the homeowners book into underwriting losses. In California, State Farm stopped accepting new homeowner applications in 2023, and its State Farm General subsidiary requested emergency interim rate increases in 2025 after the January wildfires, eventually receiving conditional regulatory approval as part of the state's broader effort to keep insurers writing in high-risk areas.
In 2025, the line absorbed the largest catastrophe event in the company's history: more than 13,500 State Farm customers filed claims after the January Los Angeles fires, with payments exceeding $5 billion and expected to reach $7 billion. Despite that, the combined home-and-commercial underwriting loss of $3.1 billion in 2025 improved on the $3.6 billion loss of 2024 as rate increases earned through.
About State Farm Mutual Automobile Insurance Company
What does State Farm own?
State Farm operates its insurance and financial services business under the State Farm brand, including auto insurance, home and property insurance, life insurance, health insurance, and financial services. The company does not own separate consumer-facing brands outside the State Farm name. State Farm previously operated State Farm Bank but exited the banking business in 2023, transitioning deposit accounts to U.S. Bank.
Is State Farm publicly traded?
No, State Farm is not publicly traded. As a mutual insurance company, State Farm is owned by its policyholders and does not trade on any stock exchange. The company's financial performance is reported to policyholders rather than public investors.
Who owns State Farm?
State Farm is owned by its policyholders. As a mutual insurance company, there are no external shareholders or parent company. The company is governed by a board of directors elected by policyholders, and profits are retained to strengthen surplus or returned to policyholders through dividends.
Who founded State Farm?
State Farm was founded on June 7, 1922, by George J. Mecherle in Bloomington, Illinois. Mecherle was a retired farmer who created the company to provide affordable auto insurance to rural residents with good driving records.
Where is State Farm headquartered?
State Farm is headquartered in Bloomington, Illinois, USA.
What is State Farm's revenue?
For fiscal year 2025, State Farm reported total revenue of $132.3 billion, up from $123.0 billion in 2024. Net income was $12.9 billion. P/C earned premium was $111.6 billion.
Who is the CEO of State Farm?
Jonathan Adkisson is the Chairman, President, and CEO of State Farm Mutual Automobile Insurance Company.
- Founded: 1922
- Headquarters: Bloomington, Illinois, USA
- Company Type: Privately Held
- Stock: N/A: N/A
- Revenue: $132.3 billion (FY2025)
- Employees: approximately 57,000
Visit State Farm Mutual Automobile Insurance Company website
Where Is State Farm Home Insurance Made / Based?
- Headquarters: Bloomington, Illinois, USA
State Farm Home Insurance Categories & Tags
State Farm Home Insurance Sustainability & Ethics
The line sits at the center of the climate-adaptation debate in insurance. State Farm invests in disaster-response infrastructure, wildfire-mitigation grants, and home-hardening discounts, and participated in state resilience programs. Critics argue premium non-renewals in climate-exposed regions abandon communities; the company counters that unsustainable pricing destroys the mutual's ability to pay claims.
Awards & Recognition
State Farm holds A.M. Best's top financial strength ratings and ranks among the largest homeowners writers in the country. The brand is consistently among the most recognized insurance names in the US.
State Farm Home Insurance Recalls & Controversies
California Retreat: State Farm's 2023 pause on new California homeowner applications and subsequent non-renewals made it a symbol of the climate-insurance crisis, drawing state legislative scrutiny and sustained media coverage.
2025 Wildfire Claims: The January 2025 Los Angeles fires generated over $5 billion in State Farm payments and triggered the emergency interim rate filing for State Farm General, alongside disputes over smoke-damage and contents claims handling.
Post-Storm Claims Litigation: State Farm, like other large property carriers, has faced litigation over claim valuation and coverage denials after major storms, including contractor and public-adjuster disputes.
Brands Owned by State Farm Mutual Automobile Insurance Company
InsuranceState Farm Auto Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's flagship auto insurance product line, the largest auto insurer in the United States, which returned a $4.6 billion underwriting profit in 2025 and announced a record $5 billion customer dividend.
auto-insurancecar-insuranceproperty-casualty
InsuranceState Farm Health Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's health insurance product line, covering Medicare Supplement and supplemental health products, which posted a $189 million underwriting loss on $756 million in premiums in 2025.
health-insurancemedicare-supplementsupplemental-insurance
InsuranceState Farm Life Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's life insurance line, operating through two life companies with $1.2 trillion of individual life insurance in force and a record $924 million policyholder dividend in 2025.
life-insurancemutual-insuranceterm-life
State Farm Home Insurance Ownership: Pros & Cons
Advantages
- +Mutual structure allows absorbing multi-billion-dollar catastrophe years without shareholder pressure
- +Largest US home insurer scale supports pricing sophistication and claims capacity
- +Exclusive agents provide local claims advocacy valued in catastrophe response
- +$145-billion-plus net worth provides deep claim-paying reserves
Considerations
- -Structurally unprofitable in catastrophe-heavy years, subsidized by auto results
- -Climate exposure forces withdrawal or repricing in high-risk states
- -Regulatory fights over rate adequacy in California and Florida constrain pricing
- -Long-term climate trends threaten the traditional homeowners business model
Frequently Asked Questions About State Farm Home Insurance
Sources & Further Reading
Competitors to State Farm Home Insurance
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| State Farm | USA | 1922 | Market leader | United states | All-consumers | |
| Nationwide | USA | 1929 | Mass market | United states | All Genders | |
| Allstate | USA | 2000 | Mass market | United states | All Genders | |
| Northwestern Mutual | USA | 1857 | Mass market | United states | All-ages | |
| The Hartford | USA | 1810 | Mass market | United states | All Genders | |
| State Farm | USA | 1922 | Niche player | United states | All-ages |
Learn More About Competitors
InsuranceState Farm Auto Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's flagship auto insurance product line, the largest auto insurer in the United States, which returned a $4.6 billion underwriting profit in 2025 and announced a record $5 billion customer dividend.
auto-insurancecar-insuranceproperty-casualty
InsuranceAllied Insurance
Owned by Nationwide Mutual Insurance Company
Des Moines-founded insurance brand of Nationwide Mutual, serving independent agents and brokers for personal and small commercial lines since 1929.
insuranceindependent-agentsproperty-casualty
InsuranceEncompass
Owned by The Allstate Corporation
Personal lines insurance brand selling packaged home and auto coverage through independent agents. A subsidiary of The Allstate Corporation since 2000.
home-insuranceauto-insuranceindependent-agents
InsuranceNorthwestern Mutual
Owned by The Northwestern Mutual Life Insurance Company
American life insurance and financial planning brand owned by policyowners through The Northwestern Mutual Life Insurance Company, the largest direct provider of individual life insurance in the United States.
life-insurancefinancial-planningmutual-insurance
InsuranceThe Hartford
Owned by The Hartford Financial Services Group, Inc.
American insurance brand founded in 1810, offering business insurance, AARP personal lines, employee benefits, and mutual funds under the iconic stag logo.
insuranceproperty-casualtyaarp
InsuranceState Farm Health Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's health insurance product line, covering Medicare Supplement and supplemental health products, which posted a $189 million underwriting loss on $756 million in premiums in 2025.
health-insurancemedicare-supplementsupplemental-insurance
Competitive Analysis
Market Positioning: State Farm Home Insurance competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Independent Alternatives to State Farm Home Insurance
Looking for brands with different ownership structures? These similar brands are not owned by State Farm Mutual Automobile Insurance Company, giving you alternative choices that support different corporate structures.
InsuranceChubb
Owned by Chubb Limited
Flagship insurance brand of Chubb Limited, the world's largest publicly traded property and casualty insurer, covering commercial, personal, and specialty insurance in 54 countries.
insuranceproperty-casualtycommercial-insurance
Publicly Traded
Chubb operates independently without a large parent corporation.
InsuranceMassMutual
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Life insurance, annuity, and wealth management brand of Massachusetts Mutual Life Insurance Company, a mutual insurer founded in 1851 and headquartered in Springfield, Massachusetts.
life-insuranceannuitieswealth-management
Privately Owned
MassMutual operates independently without a large parent corporation.
InsuranceNationwide
Owned by Nationwide Mutual Insurance Company
Consumer-facing insurance and financial services brand of Nationwide Mutual Insurance Company, the Columbus, Ohio mutual founded in 1926.
insurancemutual-insuranceauto-insurance
Privately Owned
Nationwide operates independently without a large parent corporation.
InsuranceMetLife
Owned by MetLife, Inc.
MetLife is the flagship insurance and employee benefits brand of MetLife, Inc., the largest U.S. life insurer, serving roughly 100 million customers in more than 40 markets.
life-insuranceemployee-benefitsdental
Publicly Traded
MetLife operates independently without a large parent corporation.
InsuranceNorthwestern Mutual
Owned by The Northwestern Mutual Life Insurance Company
American life insurance and financial planning brand owned by policyowners through The Northwestern Mutual Life Insurance Company, the largest direct provider of individual life insurance in the United States.
life-insurancefinancial-planningmutual-insurance
Privately Owned
Northwestern Mutual operates independently without a large parent corporation.
InsuranceThe Hartford
Owned by The Hartford Financial Services Group, Inc.
American insurance brand founded in 1810, offering business insurance, AARP personal lines, employee benefits, and mutual funds under the iconic stag logo.
insuranceproperty-casualtyaarp
Publicly Traded
The Hartford operates independently without a large parent corporation.
State Farm Mutual Automobile Insurance Company Stock Information
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