State Farm Income Gets Big Boost In 2004
NU Online News Service, Feb. 25, 4:25 p.m. EST? State Farm reported net income nearly doubled for 2004, helped by improved investment returns.[@@]
In its earnings report, the Bloomington, Ill.-based property-casualty insurance giant credited its strong insurance operating results, as well as the $1.6 billion realized and unrealized gain on its p-c companies' stock portfolios, for the higher annual profit.
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