State Farm Mutual Automobile Insurance Company was founded on June 7, 1922, by George J. Mecherle, a retired farmer. It initially concentrated on meeting auto insurance needs of Illinois farmers through a mutual organization owned by the customers. By 1942, the company was the nation's largest auto insurer, a ranking it has held ever since. About one out of every five cars on the road is insured with State Farm®. State Farm Mutual Automobile Insurance Company is a mutual insurance company and as such does not have any shareholders. State Farm Mutual Automobile Insurance Company began marketing health insurance in 1965.
State Farm Mutual Automobile Insurance Company is also the parent company of several wholly-owned subsidiaries that provide property and life insurance, banking products and mutual funds. These entities include:
State Farm Mutual Automobile Insurance Company State Farm Life Insurance Company State Farm Life and Accident Assurance Company State Farm Fire and Casualty Company State Farm County Mutual Insurance Company of Texas State Farm Indemnity Company State Farm Guaranty Insurance Company State Farm General Insurance Company State Farm Florida Insurance Company State Farm Lloyds State Farm Bank State Farm Investment Management Corp State Farm VP Management Corp