State Farm Insurance
How we got $1.1M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
State Farm agent Whitney Lewis's office in Wilburton, OK offers insurance products including auto, home, condo, renters, life, health and pet coverage to people in Oklahoma.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| State Farm Insurance this business | $806K | — |
| WHITNEY LEWIS INSURANCE AGENCY INC. Wilburton · 3 employees | $766K | 0.0 mi |
| Tucker-Downing Insurance Agency Wilburton | $806K | 0.2 mi |
| Le Nard D Rhone - 310 W Main St Wilburton | $806K | 0.5 mi |
| JCI Insurance Group Wilburton | $806K | 0.7 mi |
| Latimer County Farm Bureau Wilburton | $806K | 0.9 mi |
| JCI ENTERPRISES, LLC Wilburton · 7 employees | $1.1M | 1.3 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $411K – $1.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (38%). Treat these as a rough guide.
| Revenue range | $371K – $1.0M |
| EBITDA range | $143K – $387K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
“I been in the insurance industry for over 19 years, gaining valuable experience as an agent team member before opening the doors to my own office in 2016.”
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About State Farm Insurance
State Farm Insurance is an insurance agencies company in Wilburton, Oklahoma, in business since 2016. It is owned by Whitney Lewis (Founder). Its estimated annual revenue is about $806K, with roughly $310K of EBITDA. Its estimated business value is $1.1M (likely range $411K–$1.7M).
Common questions
- Who owns State Farm Insurance?
- State Farm Insurance is owned by Whitney Lewis (Founder), according to public sources such as the company's website or filings.
- How much revenue does State Farm Insurance make?
- SeeBITDA estimates State Farm Insurance's annual revenue at about $806K (likely between $371K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is State Farm Insurance worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $310K, typical for a insurance agencies company its size. Likely range: $411K–$1.7M.
- When was State Farm Insurance founded?
- State Farm Insurance has been in business since 2016.