When was State Farm founded?

State Farm was founded in 1922 and raised its 1st funding round 95 years after it was founded.

Where is State Farm located?

State Farm is headquartered in Bloomington, United States. It is registered at Bloomington, Illinois.

How many employees does State Farm have?

As of Jun 30, 2026, the latest employee count at State Farm is 111634.

Is State Farm a funded company?

State Farm is a funded company, having raised a total of $***** in its 1st and only funding round, a Series C round on Jan 01, 2017.

How much is State Farm worth?

The latest valuation of State Farm is $***** as of Apr 21, 2026.

When was the latest funding round of State Farm?

State Farm's latest funding was a $***** Series C round on Jan 01, 2017, with participation from 0 investor.

Where does State Farm rank among its competitors?

State Farm ranks 20th amongst 10872 active competitors, of which 57 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Kaiser Permanente, which secured $15.7M in Sep, 2025.

Who are the top competitors of State Farm?

State Farm's top competitors include National General Insurance, HUB International and UnitedHealth Group. Among them, Kaiser Permanente secured the most recent funding round in September, 2025.

State Farm - 2026 Company Profile, Team, Funding & Competitors

Company Details

State Farm is a group of insurance and financial services offering renters insurance, credit card, vehicle loan, auto insurance, life insurance, mortgage loan, home insurance, banking, education savings plan, health insurance, mutual funds, and individual retirement account. Their clientele includes individuals and business. In 2022, the company recorded annual revenues of $89.32B and a net loss of $6.65B.

Website: www.statefarm.com/
Social
Email ID: *****@statefarm.com
Registered Address: Bloomington, Illinois

Key Metrics

Founded Year

1922

Location

Bloomington, United States

Stage

Series C

Total Funding

$66.9M in 1 round

Latest Funding Round

Series C, Jan 01, 2017, $*****

Post Money Valuation

$***** as on Apr 21, 2026

Investors

OnRamp Insurance Conference

Ranked

20^th among 10872 active competitors

Employee Count

111,634 as on Jun 30, 2026

Investment & Acquisitions

Skan Technologies & 36 more

Similar Companies

AXA & 12229 more

View State Farm's full profile

State Farm is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
State Farm Mutual Automobile Insurance Company CIN: 370533100 , United States, Active	Dec 26, 999	-	67476 (As on Dec 31, 2024)	-

State Farm has raised a total funding of $66.9M over 1 round. State Farm has 1 institutional investor.

Here is the list of recent funding rounds of State Farm:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2017	1147797	Series C	2990320	1856945	8417721	7556462

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View details of State Farm's funding rounds and investors

The founders of State Farm is George J Mecherle.

Here are the details of State Farm's key team members:

George J Mecherle: Former Founder of State Farm.

View details of State Farm's Founder profiles and Board Members

State Farm's employee count trend

State Farm has 111,634 employees as of Jun 26. Here is State Farm's employee count trend over the years:

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Top competitors of State Farm include National General Insurance, HUB International and UnitedHealth Group. Here is the list of Top 10 competitors of State Farm, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	National General Insurance 1939, New York City (United States), Acquired	Home and auto coverage from a trusted Allstate company	$229M	Emirates NBD, MSD Capital & 1 others	75/100
2nd	HUB International 1998, Chicago (United States), Acquired	Provider of investment advisory, insurance distribution, and risk management services	$1.6B	T. Rowe Price, Leonard Green and Partners ... & 11 others	75/100
3rd	UnitedHealth Group 1977, Minneapolis (United States), Public	Provider of health care services, pharmacy benefits, and financial accounts	-	Omega Advisors, Tekla Capital Management & 2 others	74/100
4th	MetLife 1868, New York City (United States), Public	Provider of insurance products and employee benefit programs for individuals	-	Village Capital, Stone Point Capital & 1 others	73/100
5th	Humana 1961, Louisville (United States), Public	Provider of health insurance services	-	Entertainment Media Ventures	72/100
6th	Kaiser Permanente 1945, United States, Funding Raised	Provider of integrated healthcare services and coverage platform	-	Village Capital, LNK Partners & 2 others	72/100
7th	First American 1889, Santa Ana (United States), Public	Insurance and settlement services company	-	TA Associates, TPG & 1 others	71/100
8th	Anthem 1940, Indianapolis (United States), Funding Raised	Provider of health insurance services	-	Great Hill Partners	71/100
9th	Prudential 1875, Newark (United States), Public	Provider of life, health, and other insurance services	-	The GIIN	70/100
10th	Guardian 1860, New York City (United States), Unfunded	Provides diversfied insurance such as life, disability, dental vision etc	-	-	70/100
20th	State Farm 1922, Bloomington (United States), Series C	Provider of life, auto, health, mortgage, and other insurance services	$66.9M	OnRamp Insurance Conference	67/100

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State Farm has made 36 investments in companies including Skan Technologies and Cambridge Mobile Telematics. State Farm has also acquired 1 companies including GAINSCO.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 12, 2026	Investments	Skan Technologies	2018	Menlo Park (United States)
Mar 24, 2026	Investments	Cambridge Mobile Telematics	2010	Cambridge (United States)
Apr 02, 2025	Investments	Lumai	2022	Oxford (United Kingdom)