neutralLetter2015-07-01conf:high
2015 Berkshire Hathaway Shareholder Letter
“His baby was christened State Farm Mutual. The company cut commissions and expenses – moves that permitted lower prices”
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State Farm Mutual Automobile Insurance Company
13 mentions across the corpus · positive 4 · negative 0 · neutral 8 · historical 1
positiveMeeting2014-05-03conf:medium
Afternoon Session - 2014 Meeting
“State Farm is a terrific company. I mean, it's one of the great histories, has one of the great company histories in America.”
neutralMeeting2014-05-03conf:medium
Afternoon Session - 2014 Meeting
“State Farm has got a net worth of probably 70 billion now, or they're about 60 to 70 billion. And they've got a strong presence in homeowners.”
historicalMeeting2014-05-03conf:medium
Afternoon Session - 2014 Meeting
“when State Farm came on the scene in 1921, or 20 or whatever it was, the agency system was, was thanked in terms of insurance”
neutralLetter2013-07-01conf:medium
2013 Berkshire Hathaway Shareholder Letter
“State Farm, by far the country's largest insurer and a well-managed company besides, incurred an underwriting loss in nine of the twelve years”
neutralLetter2012-07-01conf:medium
2012 Berkshire Hathaway Shareholder Letter
“State Farm, by far the country's largest insurer and a well-managed company besides, incurred an underwriting loss in eight of the eleven years ending in 2011.”
neutralMeeting2012-05-05conf:medium
Afternoon Session - 2012 Meeting
“State Farm or something like that does not have. No, no. Most of them don't.”
neutralLetter2011-07-01conf:medium
2011 Berkshire Hathaway Shareholder Letter
“State Farm, by far the country's largest insurer and a well-managed company besides, has incurred an underwriting loss in eight of the last eleven years.”
positiveEssay2001-07-01conf:medium
Wesco 2001 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“State Farm is one of the very richest insurance companies in the world. It's an honorable, old fashioned, high-grade place. They have integrity and skill.”
positiveMeeting2001-04-28conf:high
Morning Session - 2001 Meeting
“State Farm is one of the most interesting business stories in the United States. The idea that it could get as big as it is and has as good a distribution system”
neutralMeeting2001-04-28conf:high
Morning Session - 2001 Meeting
“State Farm has got a wonderful body of information. I mean, their actuarial judgments should be better than anybody else's”
positiveMeeting2000-04-29conf:high
Morning Session - 2000 Meeting
“why was State Farm successful, you know, against people that had incredible agency plants and lots of capital...sets up a company that defies capitalistic imperatives...take 25% of the market”
neutralLetter1986-07-01conf:medium
1986 Berkshire Hathaway Shareholder Letter
“Even such huge direct writers as Allstate and State Farm incur appreciably higher costs than does GEICO.”