State Farm returns to profit in 2009

Posted Feb. 26, 2010 at 1:49 p.m.

From BusinessWeek | Bloomington-based State Farm Insurance Co., the largest home and auto insurer in the country, returned to profit in 2009 on investment gains and improved underwriting

The company reported a profit of $777 million, compared with a loss of $542 million in 2008, the company said in a statement. The insurer is owned by its policyholders and reports results once a year.

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