State Farm reported a smaller profit last year compared to the year prior in its recently released financial results for 2019.
The insurance giant saw a 2019 net income of $5.6 billion, down from the $8.8 billion of net income in 2018, on the back of higher losses and lower premiums from its property and casualty (P&C) businesses.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.