Time
US · 1 hrs ago
State Farm Is Sending $5 Billion in Dividend Payments to Customers. Here’s How to Know If You’re Eligible
Tens of millions of State Farm customers are eligible to receive payments as part of a $5 billion dividend from the company’s Mutual Automobile Insurance, which State Farm has already begun doling out.The dividend, first announced in February, is the largest in the company’s history. “This dividend is possible due to State Farm Mutual’s financial strength and a stronger than expected underwriting performance, which has been reported industry wide,” the company wrote at the time of the initial announcement. Here’s what to know about the dividend payments, and how to see if you’re eligible to receive one.Who’s eligible?More than 49 million vehicle owners across State Farm’s network are set to get dividend payments this summer, the company said. Customers who had a State Farm personal auto in
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