State Farm Posts $2.8 billion Loss for 2002

NU Online News Service, Feb. 28, 3:45 p.m. EST?State Farm Insurance Companies reported a net loss of $2.8 billion for 2002, an improvement over its 2001 results when the company posted a loss of $5 billion.

Last year's progress was helped by better insurance operating results and federal income tax recoverables, the company said.

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