State Farm P&C UW profit down 54% driven by auto losses
An underwriting loss of $764mn at State Farm’s auto insurance business was the driving force in a 54 percent decline in the US insurance giant’s P&C underwriting profit in 2019.
An underwriting loss of $764mn at State Farm’s auto insurance business was the driving force in a 54 percent decline in the US insurance giant’s P&C underwriting profit in 2019.