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State Farm Auto Policyholders to Get Dividends

Mar 1, 2007

By Bloomberg, AP and Staff Reports

State Farm Mutual Automobile Insurance Co. announced Thursday that its policyholders in Oklahoma will receive dividends totaling $21.4 million.

State Farm vehicle policyholders in 46 states, the District of Columbia and the Canadian province of New Brunswick will receive a total of $1.25 billion in the company's latest policyholder dividend declaration, approved by the State Farm Mutual board of directors.

Oklahoma policyholders will receive 12.5 percent of their semi- annual premium, the company said. Although the amounts will vary significantly, the average dividend per vehicle in Oklahoma is $38.

Dividend payments will begin in early April and continue throughout the year, State Farm aid. Policyholders can expect to receive their dividend near the time of their policy renewal.

(c) 2007 Tulsa World. Provided by ProQuest Information and Learning. All rights Reserved.

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