State Farm Agency Opportunity


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Tells about the success of State Farm and how our success supports the State Farm Agent opportunity

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State Farm Agency Opportunity

  1. 1. About State Farm Like a Good Neighbor, State Farm is There .®
  2. 2. Our Mission, Our Vision, and Our Shared Values <ul><li>State Farm's mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. </li></ul><ul><li>We are people who make it our business to be like a good neighbor; who built a premier company by selling and keeping promises through our marketing partnership; who bring diverse talents and experiences to our work of serving the State Farm customer. </li></ul><ul><li>Our success is built on a foundation of shared values -- quality service and relationships, mutual trust, integrity and financial strength. </li></ul><ul><li>Our vision for the future is to be the customer's first and best choice in the products and services we provide. We will continue to be the leader in the insurance industry and we will become a leader in the financial services arena. Our customers' needs will determine our path. Our values will guide us. </li></ul>
  3. 3. Our Heritage What do you love about State Farm? In 1922, G. J. Merherle founded State Farm on the principles of integrity , mutual trust , quality service , financial strength , and lasting relationships . Eighty-five years later, we asked State Farm agents what they love about State Farm. Their answers reflect the same core values.
  4. 4. Our Company <ul><li>Ranked #31 on Fortune 500 list </li></ul><ul><li>85 year history of success </li></ul><ul><li>Offers nearly 100 products </li></ul><ul><li>$58+ billion in net worth. $8 billion increase over 2005 </li></ul><ul><li>Over 27 million households and 78 million policies/accounts (4 million added in 2006) </li></ul>
  5. 5. Our Foundation of Success <ul><li>Auto and Fire insurance is the foundation of State Farm </li></ul><ul><ul><ul><li>Insure 1 in 6 automobiles in U.S. </li></ul></ul></ul><ul><ul><ul><li>#1 insurer of cars since 1942 </li></ul></ul></ul><ul><ul><ul><li>Insure 1 in 5 homes in U.S. </li></ul></ul></ul><ul><ul><ul><li>#1 insurer of homes since 1964 </li></ul></ul></ul>
  6. 6. Our Continued Success <ul><li>In just 9 years, State Farm Bank has grown to one of the country’s largest banks in total assets and services, with $13.5 billion in assets at end of 2006. </li></ul><ul><li>State Farm Mutual Funds have $3.9 billion in assets under management, up $1 billion since 2005. </li></ul><ul><li>Our Life affiliates rank 7th in paid life volume among all U.S. life insurers </li></ul><ul><li>State Farm ranks 12th among all companies selling individual health insurance </li></ul>
  7. 7. Making A Difference <ul><li>In 2008, State Farm’s contributed over $154 million for community safety, development, and education partnerships. </li></ul>
  8. 8. What do you love about State Farm? <ul><li>… its not just a company or a job, but a way of life . </li></ul><ul><li>I love building relationships with my policyholders and taking care of their insurance and financial needs. </li></ul><ul><li>The thing I like most about State Farm is the feeling of family . </li></ul><ul><li>I make a difference in people’s lives… </li></ul><ul><li>I love the honesty and integrity that surrounds everything we do at State Farm. </li></ul>
  9. 9. Our Products <ul><li>Auto : Personal Cars, ATVs, Business Cars, School Buses... </li></ul><ul><li>Fire : Homeowners, Renters, Boat owners, Personal Articles... </li></ul><ul><li>Life : Universal, Term, Whole, Phoenix ... </li></ul><ul><li>Health : LTC, Medical, Hospital, Assurant… </li></ul><ul><li>Bank : CDs, Deposits, Loans… </li></ul><ul><li>Mutual Funds : Bond, Equity, Small Cap Equity, LifePath… </li></ul>
  10. 10. The State Farm Agent <ul><li>A rare and amazing entrepreneurial opportunity! </li></ul>
  11. 11. The State Farm Agent <ul><li>You’re in charge </li></ul><ul><li>You control your income </li></ul><ul><li>Your business is insurance and financial services </li></ul><ul><li>You make a difference </li></ul>
  12. 12. Support For Early Success <ul><li>Recruiting and Approval </li></ul><ul><li>Intern Training Program </li></ul><ul><ul><ul><li>6-9 month paid training </li></ul></ul></ul><ul><ul><ul><li>Learn (self study), practice (classroom), apply (mentor agent’s office) theory </li></ul></ul></ul><ul><li>Developmental Agency Field Office </li></ul><ul><ul><ul><li>Unified focus on new agent needs </li></ul></ul></ul><ul><li>Market Agency Field Office </li></ul><ul><ul><ul><li>Business Consultant / Corporate Liaison </li></ul></ul></ul>
  13. 13. Approval Process <ul><li>Initial Inquiry </li></ul><ul><li>Sales and Leadership Career Profile </li></ul><ul><li>DVD </li></ul><ul><li>Background Review </li></ul><ul><li>Career Understanding (1 Day) </li></ul><ul><li>Counseling / Feedback </li></ul><ul><li>Candidate Structured Interviews & Business Proposal presentation </li></ul><ul><li>Executive Approval Committee </li></ul>
  14. 14. Sales and Leadership Career Profile <ul><li>Sales Aptitude & Entrepreneurial Readiness </li></ul><ul><li>Work Background </li></ul><ul><li>Expectations of the Career </li></ul><ul><li>Motivators and Drivers </li></ul><ul><li>Personality Assessment </li></ul>
  15. 15. Interested Candidates <ul><li>There are several ways to get with an Agency Recruiter: </li></ul><ul><li>The State Farm Agency Opportunity Line number is 1-866-405-9813 </li></ul><ul><li>Visit us online: </li></ul><ul><li>Contact a local Recruiter: </li></ul><ul><ul><li>Jose Olguin – SW Florida (941-371-6957) </li></ul></ul><ul><ul><li>Becky Vasko – North Florida (904-443-4263) </li></ul></ul><ul><ul><li>Val Thomas – Central Florida (407-208-7206) </li></ul></ul><ul><ul><li>Shawn Gaines – South Florida (954-688-8008) </li></ul></ul>