State Farm $5 billion payout: Auto insurance customers set to get dividend check – ABC7 Chicago
Customers can expect to get about $100 cash back per vehicle
CHICAGO (WLS) — If you have State Farm auto insurance, expect a check in the mail.
The company is sending out $5 billion in cash to its customers.
It's from the largest dividend in the company's history.
"As a mutual company with a customer-first focus, State Farm Mutual is able to provide value directly to our customers while maintaining financial strength to keep our promises in the future. That translated this year to lower auto rates and cash back in the form of a $5 billion policyholder dividend," Jon Farney, State Farm Mutual president and CEO, said.
Payments coming this summer will average around $100 per vehicle.
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CHICAGO (WLS) — If you have State Farm auto insurance, expect a check in the mail.
The company is sending out $5 billion in cash to its customers.
It's from the largest dividend in the company's history.
"As a mutual company with a customer-first focus, State Farm Mutual is able to provide value directly to our customers while maintaining financial strength to keep our promises in the future. That translated this year to lower auto rates and cash back in the form of a $5 billion policyholder dividend," Jon Farney, State Farm Mutual president and CEO, said.
Payments coming this summer will average around $100 per vehicle.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
