State Farm Insurance

Bloomington, Illinois
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

State Farm Insurance is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. State Farm embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Board Bias

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CEO of State Farm Insurance

Michael L. Tipsord

Michael L. Tipsord

Summary:

Headquartered in Bloomington, Illinois, State Farm Insurance is a member of the Fortune 250 operating in the Insurance industry. Michael L. Tipsord and Michael L. Tipsord serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $1,316,232 to Republican causes and $121,878 to Democratic causes. Under their tenure, State Farm Insurance currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$1,316,232

$121,878

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/4/24SocialMeredith BentonGreater Disclosure of Material Corporate DiversityAgainst20.35%
5/4/24GovernanceSegal Marco AdvisorsForm a Railroad Safety CommitteeAgainst3.56%
5/4/24EnvironmentalNational Center for Public Policy ResearchGoal to reach GHG emissions by 2050Against0.78%
5/4/24SocialNational Legal and Policy CenterShareholder Proposal Concerning a Report on Operations in ChinaAgainst1.39%
5/4/24EnvironmentalAs You SowClimate-Related Transition PlanningAgainst20.75%
5/4/24EnvironmentalMichael FrerichsDisclose and Reduce GHG EmissionsAgainst17.53%
5/17/23EnvironmentalJohn CheveddenStockholder proposal regarding a report on the Company's greenhouse gas emissionsAgainst47.68%
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