State Farm Profit Jumps 48% to $6.2 Billion on Pharma Deals

  • Results include $3 billion increase in realized capital gains
  • CEO Tipsord reports earnings for first time after Rust's exit

State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings.

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