B
State Farm Mutl Automobile Ins
Rating Date
November 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
7,302,071
1,926,560
9,228,631
20.88%
22.82%
2022
6,785,801
1,878,880
8,664,681
21.68%
23.10%
2021
6,350,540
1,669,916
8,020,456
20.82%
22.81%
2020
5,535,778
1,298,542
6,834,320
19.00%
21.51%
2019
6,515,624
1,612,194
8,127,818
19.84%
22.66%
2018
6,496,952
1,481,069
7,978,021
18.56%
21.92%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
20,212
25,543
45,755
55.83%
47.27%
2022
16,084
15,610
31,694
49.25%
45.41%
2021
14,057
12,379
26,436
46.83%
44.40%
2020
14,998
13,823
28,821
47.96%
42.42%
2019
17,761
13,762
31,523
43.66%
44.33%
2018
17,238
10,628
27,866
38.14%
44.16%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
38.64%
2022
0
0
0
0.00%
39.39%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
0
0
0
0.00%
18.93%
2020
0
0
0
0.00%
20.93%
2019
0
0
0
0.00%
16.90%
2018
0
0
0
0.00%
11.94%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1,265,103
1,008,851
2,273,954
44.37%
44.64%
2022
1,175,059
986,543
2,161,602
45.64%
46.15%
2021
1,118,421
1,000,779
2,119,200
47.22%
46.87%
2020
1,010,659
784,194
1,794,853
43.69%
43.90%
2019
1,382,834
900,364
2,283,198
39.43%
42.09%
2018
1,433,026
758,256
2,191,282
34.60%
39.60%
Weiss Ratings