
Talk From The Top
State Farm’s three Vice Chairmen acknowledge
positive 2006 financial results, but say there’s
much more work to be
done in 2007.
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Property and Casualty
A strong start in auto production in 2006 was offset by lost opportunity in the back half of the year for State Farm. The Company is optimistic about growth in 2007.
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Customer Access
Customer Access offers customers the best of all worlds, by improving the customer experience online and by phone while connecting them to State Farm® agents.
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Marketing
“State Farm will be every place, in your face,” declared Pam El, Vice President-Marketing. El’s pronouncement came in the midst of one of the most active, creative and successful marketing years in State Farm history.
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Claims
Even without hurricanes, claims professionals responded to 12.5 million claims in 2006 using innovation. Successful recovery of payments through subrogation is good for both policyholders and State Farm.
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Financial Services
In only its fifth year of operation, Securities Products celebrated a growth milestone by ending 2006 with nearly $3.9 billion in assets under management – a gain of more than $1 billion in assets in 2006 alone.
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Agency
More than 17,000 agents represent State Farm in neighborhoods across the United States and Canada. State Farm needs more
of them.
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Who’s Who
State Farm President Vince Trosino retired in
December after 44 years with the Company.
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Noteworthy
State Farm representatives were on hand in Washington, D.C., to help dedicate a memorial honoring Dr. Martin Luther King, Jr.
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Financial
The financial results achieved in 2006 were positive and added to the financial strength of all insurance affiliates.
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