Who Owns State Farm Life Insurance?
State Farm Life Insurance is the life insurance product line of the State Farm mutual insurance group, headquartered in Bloomington, Illinois. It operates through two carriers, State Farm Life Insurance Company and State Farm Life and Accident Assurance Company, which together held $1.2 trillion in individual life insurance in force at year-end 2025, generated $6.9 billion in premium income and $2.1 billion in net income, and paid a record $924 million in dividends to qualifying policyholders.
Parent Company
Founded
1929
Status
Private
Headquarters
State Farm Life Insurance Timeline
Who Owns State Farm Life 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 Life Insurance | State Farm Mutual Automobile Insurance Company | Mutual |
History of State Farm Life Insurance
- Founded: 1929
- Founders: State Farm Mutual Automobile Insurance Company (life subsidiary established 1929)
State Farm began writing life insurance in 1929, seven years after its founding as an auto insurer, during the early Depression era when the young mutual expanded its product base to farm and family protection. Life operations grew steadily through the postwar decades as the exclusive-agent network cross-sold life coverage to auto and home customers.
The business matured into one of the largest individual life writers in North America. In recent years, the two life companies have set consecutive records: record new policy volume of $122 billion in 2024, record $924 million dividends in 2025, and a $1.2 trillion in-force book, making State Farm one of the largest individual life insurers in the United States by face amount.
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 Life Insurance Made / Based?
- Headquarters: Bloomington, Illinois, USA
State Farm Life Insurance Categories & Tags
State Farm Life Insurance Sustainability & Ethics
As mutual life operations, both companies operate for policyholder benefit, with dividends reflecting favorable mortality and investment experience. The line supports estate and family-protection products aimed at middle-market consumers, an underserved segment most direct-to-consumer insurtechs struggle to reach.
Awards & Recognition
The life companies hold top-tier financial strength ratings from A.M. Best. State Farm is regularly ranked among the leading individual life issuers in LIMRA industry rankings and its agents carry industry designations through the company's training programs.
State Farm Life Insurance Recalls & Controversies
Non-Forfeiture and Lapse Practices: Like all large life insurers, State Farm life companies have faced periodic regulatory examinations regarding policy lapse notification, unclaimed benefit procedures, and retained-asset account practices, resolved through standard multi-state settlement processes over the years.
COVID-Era Mortality: Pandemic-era mortality elevated death claims across the industry in 2020 to 2022, though State Farm's life results remained profitable throughout.
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 Home Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's homeowners and property insurance line, the largest home insurer in the United States, which posted a $3.1 billion underwriting loss in 2025 amid record catastrophe claims.
home-insurancehomeowners-insuranceproperty-casualty
State Farm Life Insurance Ownership: Pros & Cons
Advantages
- +Mutual ownership aligns dividends with policyholder interests, as the record $924 million payout shows
- +Cross-sell into a nearly 97-million-policy P/C base provides unmatched distribution efficiency
- +$1.2 trillion in-force book generates stable long-duration earnings
- +Combined auto-home-life relationships drive industry-leading retention
Considerations
- -Life sales depend on the captive agent network, limiting reach among digital-first shoppers
- -Middle-market focus means limited presence in high-net-worth estate planning where specialty carriers compete
- -Life margins remain exposed to interest-rate and mortality trends
- -Two-company structure adds regulatory complexity across states
Frequently Asked Questions About State Farm Life Insurance
Sources & Further Reading
Competitors to State Farm Life 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 |
|---|---|---|---|---|---|---|
| Northwestern Mutual | USA | 1857 | Mass market | United states | All-ages | |
| Massmutual | USA | 2015 | Mass market | United states | All Genders | |
| Massmutual | USA | 1851 | Premium | United states | All-ages | |
| New York Life | USA | 1845 | Mass market | United states | All Genders | |
| State Farm | USA | 1922 | Market leader | United states | All-consumers | |
| State Farm | USA | 1922 | Niche player | United states | All-ages |
Learn More About Competitors
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
InsuranceHaven Life
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Former direct-to-consumer term life insurance brand launched by MassMutual in 2015 and wound down in 2024; existing policies remain serviced by MassMutual.
life-insuranceinsurtechterm-life
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
InsuranceNew York Life
Owned by New York Life Insurance Company
America's largest mutual life insurance brand, offering life insurance, annuities, and retirement income through a career agency force. Flagship of New York Life Insurance Company.
life-insuranceannuitiesmutual-insurance
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
Competitive Analysis
Market Positioning: State Farm Life 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 Life 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.
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.
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.
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.
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.
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.
InsuranceNew York Life
Owned by New York Life Insurance Company
America's largest mutual life insurance brand, offering life insurance, annuities, and retirement income through a career agency force. Flagship of New York Life Insurance Company.
life-insuranceannuitiesmutual-insurance
Privately Owned
New York Life operates independently without a large parent corporation.
State Farm Mutual Automobile Insurance Company Stock Information
Jobs at State Farm Mutual Automobile Insurance Company
Latest News About State Farm Life Insurance
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