State Farm Posts $1.8 Billion Net Income for 2010 Despite Underwriting Losses - Surety Bond Forums

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03-03-2011, 04:33 AM

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State Farm Posts $1.8 Billion Net Income for 2010 Despite Underwriting Losses

State Farm reported $1.8 billion in after-tax net income in 2010, compared with $800 million in*2009.* The improvement*”was driven by the P-C companies’ improved results,” said the bulletin, which also explained that the “P-C companies reported a $3.1 billion underwriting …

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