![]() There was a $1.6 billion underwriting gain from the segment that includes residential coverage. ![]() Other units did better than auto insurance. His compensation was $8.16 million for 2016, Dave Phillips, a spokesman for the company, said in an email. The results are the first for a full year under Chief Executive Officer Michael Tipsord, who was promoted in 2015 to replace Edward Rust. State Farm is among the largest holders in companies including Walt Disney Co., Johnson & Johnson and IBM Corp., and counts on investments to help cushion underwriting losses. The boost includes a $4.2 billion increase in the property-casualty units' stock portfolio. State Farm's net worth, a measure of assets minus liabilities, climbed to $87.6 billion on Dec.
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