State Farm Insurance Cos. last year had a $9.2 billion reduction in its stock value, the company said Friday.Crain's Chicago Business reported that the Bloomington, Ill., company's net worth was $53.3 billion at year-end, down $10.4 billion from 2007.
The newspaper said State Farm, the nation's largest insurer of cars and homes, posted an after-tax net loss...
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Source: insurance news net
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