For Immediate Release:
March 2, 2026
Commissioner Mulready Statement on $5 Billion Dividend to State Farm Policyholders
OKLAHOMA CITY – State Farm Mutual Automobile Insurance Company, one of the largest writers of auto insurance in Oklahoma, announced it is sending $5 billion back to qualifying auto customers through a dividend following stronger-than-expected underwriting performance.
State Farm informed the Oklahoma Insurance Department (OID) that it authorized the distribution of a policyholder dividend to Private Passenger Auto (PPA) Voluntary Preferred policies. The dividend for Oklahoma policyholders with a policy in force as of December 31, 2025, is 10.0% of the premium earned during that period, or more than $101.5 million, for an average preferred dividend of $112 per vehicle, distributed to nearly 1 million policyholders.
This dividend comes on the heels of two rate reductions on State Farm auto policies last year.
“This is excellent news for Oklahoma policyholders,” said Insurance Commissioner Glen Mulready. “When insurers perform well and maintain strong underwriting discipline, it creates opportunities like this to benefit customers directly. A dividend of this size demonstrates financial stability, responsible rate management, and a commitment to returning value to policyholders. At a time when families are carefully managing their budgets, an average of $112 per vehicle can make a meaningful difference. We welcome actions that reward consumers and reflect a healthy, competitive insurance marketplace in Oklahoma.”
OID encourages consumers with questions about their coverage or dividend eligibility to contact their agent or State Farm directly. OID remains committed to protecting policyholders and promoting a stable, competitive insurance market.