3 Public Stocks That Give You State Farm Exposure
No, State Farm is not publicly traded. If you want exposure to the same insurance markets, most retail investors end up looking at Progressive, Allstate, and Travelers instead.
State Farm is one of the biggest names in U.S. insurance, which is exactly why people keep asking how to buy the stock. It sits at the center of auto, home, and life coverage, has been in business since 1922, and keeps showing up in the news for everything from wildfire claims to customer cash-back dividends.
That scale makes it feel like a company you should be able to own. But State Farm is a mutual insurer, not a public corporation, so the path to ownership is very different from a normal IPO story. Here’s what State Farm does, why you can’t buy shares on an exchange, and the closest realistic ways to get exposure.
What is State Farm?
State Farm is a large U.S. insurance and financial-services company headquartered in Bloomington, Illinois. Founded in 1922, it sells auto, home, life, health, renters, business, boat, motorcycle, banking/financial services, and investment planning products through a large agent network. The company says it has about 19,000 agents, serves 96 million+ policies and accounts, and employs more than 62,000 people.
Financially, State Farm reported 2024 total revenue of $123.0 billion and net income of $1.7 billion. It also reported $15.2 billion in assets under management in its Investment Planning Services business at year-end 2024. That makes it one of the biggest private insurance franchises in the U.S., with a customer base that spans households, drivers, homeowners, and small businesses.
