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Wednesday, March 11, 2009
State Farm(R) Net Worth Drops 16 Percent to $53.3 Billion State Farm(R) Net Worth Drops 16 Percent to $53.3 Billion
By Cado @ 12:26 PM :: 1595 Views :: 0 Comments :: Article Rating :: In Your Business 		 

"BLOOMINGTON, Ill., Feb. 27 /PRNewswire/ -- Net worth for the State Farm group decreased in 2008 by $10.4 billion to end the year at $53.3 billion. The primary reason for the decrease was the $9.2 billion decline in the value of the property-casualty (P-C) companies' unaffiliated stock portfolio (net of deferred tax). Although this decline was driven by general market conditions, State Farm's P-C portfolio had a smaller percentage decline than the broader equity market."
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  • State Farm(R) Net Worth Drops 16 Percent to $53.3 Billion
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