I trace my roots back to 1921, only 13 years after the Model T Ford's debut, when four Navy veterans pooled $200 each and launched an auto accessories store in West Philadelphia. I later added bicycles and radio parts. I went public in 1945 and was taken private when Carl Icahn'sIcahn Enterprises bought me for around $1 billion in 2016. I boast more than 850 locations across the U.S. (including Puerto Rico) and 8,000 service bays. In honor of Manny, Moe,
Moe and Jack, I offer military vets a 5% discount. Who am I? Think you know the answer? We'll announce it in next week's edition.
LAST WEEK'S TRIVIA ANSWER
I trace my roots back to 1922, when a retired farmer and insurance salesman founded me in Bloomington, Illinois, to provide auto insurance. Before long, I added life insurance and fire and casualty coverage; I became America's top auto insurer in 1942. Health insurance followed in the 1960s. Today, my affiliates and I are America's biggest providers of auto and home insurance. I boast more than 19,000 agents, more than 65,000 employees and more than 94 million policies and accounts. You can't invest in me because I'm a mutual company — owned by my policyholders. Who am I? (Answer: State Farm)
Want to Invest? Email us at [email protected], and we'll send you some tips to start investing. Sorry, we can't provide individual financial advice.
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