Overview
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State Farm Mutual Automobile Insurance Company's investment assets support insurance reserves and enterprise balance sheet objectives.1
Investment program
- Estimated AUM
- $17.5B as of Dec 31, 20251
- Capital pool
- Insurance general account (mutual insurer surplus + policyholder reserves)1
- Investment model
- State Farm has a named State Farm Investment team led by its SVP and CIO, Bob Stephan. His biography describes his progression through State Farm's Investment Department and its fixed-income, private-equity, and public-equity functions.2
- Investment approach
- State Farm's investment team evaluates material risks and opportunities, including ESG factors, to preserve financial strength and keep policyholder promises. Its policies address ESG and include green-bond, community-development, real-estate, and sector-restriction measures.3
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- Public evidence references these asset classes or allocation areas: public markets, fixed income.1
- Performance
- Not listed yet
- Governance
- State Farm's Board oversees material enterprise risks, while the Finance & Investment Committee assists with oversight of investment policy, investment plans, management's strategy execution, related risks, and reports on diversification and exposures.4
- Investment team
- Bob Stephan is State Farm's SVP and CIO. The official biography identifies the Fixed Income Division, a Private Equity team, and a Public Equity team within the State Farm Investment organization.2
- Unfunded commitments
- Not listed yet
- Source freshness
- Last verified Jul 21, 2026 · Needs review
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- Website (statefarm.com)Parent organization overview, Pool purpose, Capital pool, Estimated AUM, Asset allocation · checked Jul 25, 2026
- Website (statefarm.com)Investment model, Investment team · checked Aug 6, 2026
- Other source (impact.statefarm.com)Investment approach · checked Aug 6, 2026
- Other source (impact.statefarm.com)Governance · checked Aug 6, 2026
- Website (statefarm.com)Investment office page · checked Jul 25, 2026
Profile and job sources
- Other source (impact.statefarm.com)Other source · checked Aug 6, 2026
- Other source (impact.statefarm.com)Other source · checked Aug 6, 2026
- Website (statefarm.com)Website · checked Jul 25, 2026
- Website (jobs.statefarm.com)Website · checked Jul 25, 2026
- Website (statefarm.com)Website · checked Aug 6, 2026
- Website (statefarm.com)Website · checked Jul 25, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026