The State Farm property-casualty group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. Even with these operating losses, each of the State Farm companies remains financially strong.
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“We have asked the NRA to remove our information from their website.” In January, it announced an expansion to its products that are sold through affinity groups and associations like the NRA. A few dozen companies around the country have ended or scaled back promotions for members of the NRA after the Feb. 14 shooting that killed 17 at a Parkland, Fla., high school.
Indexed universal life is “clearly where the action was,” said Robert A. Kerzner, CEO of LIMRA, in a quarterly briefing to members.
