Rebuilding homes and neighborhoods takes time. Putting lives back together takes a toll on individuals, families and the community-at-large. The commitment to helping our customers recover continues.

As of mid-September 2019, State Farm has received approximately 10,000 home and auto claims related to these fires. Over $2 billion in indemnity has been paid.

History of the State Farm response to these fires:

• As each wildfire event broke out, State Farm immediately began to position resources. People and equipment from across the country was deployed to the areas most impacted.
• 700 State Farm associates were mobilized to work in 17 offices - including eight walk-up tents and two brick-and-mortar offices. Seven catastrophe response vehicles were deployed to assist our customers in the recovery process. The on-the-ground presence was continually adjusted to respond to changing circumstances and customer needs.
• Paid more than $2 billion in indemnity for the approximately 10,000 claims from the two fires.
• Community grants and volunteer efforts provided by the company and our associates continue to focus on emergency relief, home safety and wildfire preparedness.
• Advanced four months of Additional Living Expenses (ALE) upon request.
• Advanced up to 75% for total loss of content coverage limit without an inventory.
• Expedited payment of automobile claims for comprehensive loss coverage.
• Granted billing leniency for at least 30 days for customers in designated disaster areas.
• Allowed grouping of categories of personal property to ease itemization of contents.
• State Farm claim handlers are available to help policyholders complete every step of the inventory process.

As the country's largest provider of auto and home insurance, we have faced countless significant weather and other major disasters throughout our 97-year history. Our State Farm agents, agent’s staff, local employees and claims specialists are always prepared to help customers with their claims. Before, during and after a catastrophic event, we help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.

Resources:

• Cal Fire
• Insurance Information Institute
• NFPA Wildfire Education
• Firewise
• Valley Fire: Out of the Ashes
• Emergency Prep 101: Pet Evacuation Plan

Visit Simple Insights for more articles and tips to help you and your family prepare for and recover from wildfires.

Additional Infographic Links:

• Reducing wildfire risk: Infographic
• A Firewise Home: Infographic

In the News:

• Santa Monica Mirror: Number of Insurance Claims Recieved from the SoCal Wildfires Surpasses 1,500 for State Farm (12/14/17)
• KTVU: Insurance Agent Camps Out in Office to Serve Customers (10/18/17)
• KRON4 Bay Area: With fire insurance, make sure it covers what you need (10/17/17)
• KSEE-TV: With fire insurance, make sure it covers what you need (10/13/17)
• KCBS Radio: State Farm Releases New Home, Auto Insurance Claim Numbers From Fires (10/12/17)
• KCOY - Santa Barbara: Fire insurance on the minds of homeowners after seeing devastating fires across California (10/12/17)
• East Bay Times: Interview with agent Kelly Lux (10/11/17)
• The Press Democrat: North Coast insurance agents on protecting home, finances from fire (08/15/16)

The net worth for the State Farm group ended the year at $97.0 billion compared with $87.6 billion at year-end 2016. The increase was primarily due to an increase in the value of the P-C companies’ unaffiliated stock portfolio. Valuation updates for deferred tax assets and liabilities determined using the corporate tax rate enacted as part of the U.S. Tax Cuts and Jobs Act also increased net worth for the group.

“In 2017, State Farm helped our customers recover from unexpected losses, including several catastrophic events. While we had operating losses for the year, we are built to handle these events and we continue to be ‘good neighbors’ and have the financial resources to be there in our customers’ time of need,“ said Senior Vice President, Treasurer and Chief Financial Officer Jon Farney. “Our employees, agents and agent team members are making significant changes and process improvements across our company to better serve our customers. We will continue becoming a leaner and stronger company in our pursuit of helping customers recover from the unexpected and being there to help life go right.”

Total revenue, which includes premium revenue, earned investment income, and realized capital gains (losses) was $78.3 billion for 2017 compared to $76.1 billion for 2016. State Farm reported net income of $2.2 billion in 2017, compared to $0.4 billion of net income in 2016. The State Farm insurance operations consist of eleven P-C companies and two life companies, each of which is managed on an individual affiliate level. The P-C companies are primarily engaged in automobile, health, homeowners, commercial multiple peril (CMP), and reinsurance lines of business. The life companies are primarily engaged in individual life insurance and annuity business. The State Farm group also provides banking products and mutual funds through affiliated companies. State Farm provides insurance and financial services products across more than 83 million policies and accounts.

Auto – The State Farm auto insurance business represented 65 percent of the P-C companies’ combined net written premium. Earned premium was $41.6 billion. Incurred claims and loss adjustment expenses were $34.2 billion and all other underwriting expenses totaled $10.2 billion. The underwriting loss was $2.8 billion.

Comparable 2016 figures were: earned premium, $38.8 billion; incurred claims and loss adjustment expenses, $35.8 billion; all other underwriting expenses, $10.0 billion; underwriting loss, $7.0 billion.

Homeowners, CMP, Other – The net written premium for State Farm’s remaining P-C business represented 33 percent of the P-C companies’ combined net written premium. Earned premium was $21.4 billion. Incurred claims and loss adjustment expenses were $18.6 billion and all other underwriting expenses totaled $5.6 billon. The underwriting loss was $2.8 billion.

Comparable 2016 figures were: earned premium, $22.1 billion; incurred claims and loss adjustment expenses, $14.4 billion; all other underwriting expenses, $5.7 billion; underwriting gain, $2.0 billion.

Health – The individual health insurance operations for State Farm Mutual Automobile Insurance Company reported an underwriting loss of $71 million, excluding premium deficiency reserve. Net written premium was $691 million.

Comparable figures for 2016 were: underwriting loss, $84 million; net written premium, $668 million.

Life – In 2017, State Farm Life Insurance Company and State Farm Life and Accident Assurance Company reported premium income of $5.3 billion and $578 million in dividends to policyholders. Net income for 2017 was $492 million. There was $901.7 billion in total life insurance in force at the end of 2017.

Comparable 2016 figures were: premium income, $5.7 billion; dividends to policyholders, $584 million; net income, $562 million; total life insurance in force, $873.7 billion.

State Farm Bank^® – Net loss in 2017 was $1 million and total assets for State Farm Bank, F.S.B. were $16.7 billion as of year-end 2017.

Comparable figures for 2016 were: net income, $39 million; total assets, $18.3 billion.

Mutual Funds – Total assets under management for the retail Mutual Fund operations at the end of 2017 were $13.0 billion, compared with $12.2 billion at the end of 2016. State Farm VP Management Corp. and State Farm Investment Management Corp. reported combined net income of $6 million in 2017, following net income of $4 million in 2016.

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^{Although financial information is presented on a group/line of business basis, State Farm Mutual Automobile Insurance Company and each of its affiliates must meet solvency and regulatory requirements on an individual entity-by-entity basis without regard to the solvency or financial condition of any other affiliated entity.}

^{State Farm Bank, Bloomington, Illinois, is a Member FDIC and an Equal Housing Lender. Insurance and securities products offered by affiliated companies of State Farm Bank are not FDIC insured, are not guaranteed by State Farm Bank and are subject to investment risk, including possible loss of principal invested.}

^{Securities issued by State Farm VP Management Corp. For more information, call 800-447-4930.}

^{State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products. Neither State Farm nor its agents provide investment, tax, or legal advice.}