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The Water Cooler
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Looks like tomorrow evening could get pretty exciting
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<blockquote data-quote="SlugSlinger" data-source="post: 4260846" data-attributes="member: 7248"><p>State Farm Financial Results:</p><p></p><p>“While we improved overall auto lines profitability in 2023, our results remain below the level we expect and we’re taking a state-specific approach as we operate,” said Senior Vice President, Treasurer and Chief Financial Officer Mark Schwamberger. “Catastrophe losses were widespread in 2023, and our claims and operations team members, along with the State Farm independent contractor agents, responded throughout the year to help customers. State Farm Mutual Automobile Insurance Company remains financially strong, and it is that strength that allows us to handle uncertainty and serve more customers in more ways over the long term.”</p><p></p><p></p><p></p><p>I couldn't find the 2023 income statement; this is the latest found:</p><p></p><p>8.7B loss in 2022 and 722M loss in 2021.</p><p></p><p></p><p></p><p>[ATTACH=full]476592[/ATTACH]</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 4260846, member: 7248"] State Farm Financial Results: “While we improved overall auto lines profitability in 2023, our results remain below the level we expect and we’re taking a state-specific approach as we operate,” said Senior Vice President, Treasurer and Chief Financial Officer Mark Schwamberger. “Catastrophe losses were widespread in 2023, and our claims and operations team members, along with the State Farm independent contractor agents, responded throughout the year to help customers. State Farm Mutual Automobile Insurance Company remains financially strong, and it is that strength that allows us to handle uncertainty and serve more customers in more ways over the long term.” I couldn't find the 2023 income statement; this is the latest found: 8.7B loss in 2022 and 722M loss in 2021. [ATTACH type="full"]476592[/ATTACH] [/QUOTE]
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