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Best’s News & Research Service subscription required - February 27, 2023 04:57 PM (EST)

State Farm Posts $6.7 Billion Annual Net Loss as Incurred Auto Losses Climb Nearly 40%

State Farm recorded a $6.7 billion annual net loss, compared with a $1.3 billion net income in 2021, hit with record automobile insurance underwriting losses on rapidly rising claims severity and . . .

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