Business
5:59 pm
Fri February 28, 2014

State Farm praises 2013 financial results

State Farm Insurance is reporting gains in net income, net worth, and underwriting premiums last year. Bloomington Normal's largest employer benefited from a friendly stock market as the company's net worth increased more than $10 billion to a record total of nearly $76 billion.

A company spokesman says net income of $5.2 billion was up by 40% from the previous year. And the spokesman says State Farm also saw an underwriting gain of $230 million.

 State Farm indicates last year was also a relatively mild year for catastrophe claims. No single disaster made the top 25 list and the company says claims were in line with expectations