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Best’s News & Research Service subscription required - February 26, 2021 04:23 PM (EST)

State Farm Annual Net Income Drops 33.9% Amid $4.2 Billion of Auto Rate Cuts, Givebacks

State Farm said 2020 annual net income dropped 33.9% to $3.7 billion after it reduced automobile insurance rates nationally and issued givebacks when the COVID-19 pandemic struck. . . .

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