State Farm announces record $5 billion dividend
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State Farm announces $5 billion dividend; $100 average refund coming to car insurance customers
Customers can expect to receive $100 refund on average, though State Farm says it will vary by state and by the amount of premium paid.
The insurance company said "positive performance" in the auto business led State Farm Mutual Automobile Insurance Company to issue out the dividends.
State Farm Mutual announced its largest dividend in company history on Thursday.
ORLANDO, Fla. — State Farm has announced a 10% rate cut for its auto insurance customers in Florida, effective January 2 for new policies and March 14 for renewals. The rate reduction, filed with the Florida Office of Insurance Regulation, is part of a ...