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According to the Insurance Information Institute (III), the largest writer of property/casualty insurance by direct premiums written in 2018, is State Farm Mutual Automobile Insurance.

According to the Insurance Information Institute (III), the largest writer of property/casualty insurance by direct premiums written in 2018, is State Farm Mutual Automobile Insurance. The 2018 annual report to policy holders can be found below and contains data for 2017 and 2018:

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Part 1: Balance Sheet

A) Fill in the assets portion of the table and calculate Total Assets

B) Fill in the liabilities portion of the table and calculate Total Liabilities

C) Fill in the surplus portion of the table and calculate Surplus

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY Statement of Condition (In Millions of Dollars) Assets 2018 2017 Cash and Short Term Investments $ 2,384 $ 2,527 Bonds 53,043 45,751 Unaffiliated Common & Preferred Stocks 47,852 55,303 Equity in Insurance Subsidiaries 40,729 39,030 Other Assets 15,857 18,121 Total Assets Liabilities Claims and Claim Expenses $ 32,554 $ 33,237 Unearned Premiums 12,924 13,132 Other Liabilities 13,634 17,358 Surplus Funds for Protection of State Farm Mutual Policyholders, including the Investment Fluctuation Reserve $ 55,434 $ 53,863 Funds Assigned for Protection of Customers of Subsidiaries 42,534 40,816 Funds Assigned for Catastrophe Reinsurance Assumed from Affiliates 2,785 2,326 Total Liabilities and Surplus Summary of Operating Data (In Millions of Dollars) 2018 2017 Premium Earned $ 43,426 $ 42,420 Less: Dollars for Claims 26,524 31,092 Expenses for Paying Claims 5,235 5,417 Service and Administrative Fees 10,385 10,192 Underwriting Gain or (Loss) Plus: Investment Gain and Other Income 5,786 4,039 Income before Dividends and Taxes Less: Dividends to Policyholders Income Taxes incurred (Recoverable) 718 (1.944) 0 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY Statement of Condition (In Millions of Dollars) Assets 2018 2017 Cash and Short Term Investments $ 2,384 $ 2,527 Bonds 53,043 45,751 Unaffiliated Common & Preferred Stocks 47,852 55,303 Equity in Insurance Subsidiaries 40,729 39,030 Other Assets 15,857 18,121 Total Assets Liabilities Claims and Claim Expenses $ 32,554 $ 33,237 Unearned Premiums 12,924 13,132 Other Liabilities 13,634 17,358 Surplus Funds for Protection of State Farm Mutual Policyholders, including the Investment Fluctuation Reserve $ 55,434 $ 53,863 Funds Assigned for Protection of Customers of Subsidiaries 42,534 40,816 Funds Assigned for Catastrophe Reinsurance Assumed from Affiliates 2,785 2,326 Total Liabilities and Surplus Summary of Operating Data (In Millions of Dollars) 2018 2017 Premium Earned $ 43,426 $ 42,420 Less: Dollars for Claims 26,524 31,092 Expenses for Paying Claims 5,235 5,417 Service and Administrative Fees 10,385 10,192 Underwriting Gain or (Loss) Plus: Investment Gain and Other Income 5,786 4,039 Income before Dividends and Taxes Less: Dividends to Policyholders Income Taxes incurred (Recoverable) 718 (1.944) 0

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