Diversity and Inclusion:
An Interview with Vincent J. Trosino, Sr., President of State Farm Insurance
State Farm insures more cars than any other insurer in
North America and is the leading U.S. home insurer. State Farm's 16,000 agents
and 75,000 employees serve nearly 73 million auto, fire and health policies in
the U.S. and Canada. State Farm also offers financial-services products through
State Farm Bank. State Farm Mutual Automobile Insurance Company is the parent of
the State Farm family of companies. State Farm is ranked number 21 on the
Fortune 500 list of largest companies.
THE BLACK COLLEGIAN (TBC): Give our readers a brief
overview of State Farm Insurance Companies.
Vincent J. Trosino, Jr.: We're a mutual company, which
means our policyholders own us. We were started in 1922 by George J. Mecherle, a
successful farmer who became an equally successful insurance salesman. He was
working for another company when he told his employer that he didn't think the
rates or business practices of the company suited the needs of farmers. He
thought rural farmers should pay less for insurance because they drove less and
had fewer losses than people living in more densely populated cities. But when
he suggested a different way to sell insurance, his employer laughed and said, "If
you think you've got such a good idea, why don't you start your own company?"
TBC: What is the difference between a mutual company
and a stock company?
Trosino: As a mutual company we're accountable to
our customers rather than stockholders. We aren't tied to short-term quarterly
results to measure our success. We can take a long-term view of the actions we
take, instead of gauging their immediate impact on stock prices.
TBC: Are there benefits to working for a mutual
company?
Trosino: We build our business through internal
growth, not acquisitions. Therefore, we don't need access to the capital market,
a motivation that has driven some other mutuals to become stock companies. Also,
we have thoughtfully examined how our operation can best serve our customers and
remain sensitive to our employees' needs. Overall, I'd say we have a better
sense of stability working for us because of our mutual status.
TBC: Tell us about your career at State Farm. What
was your first job? What route did you take to the top?
Trosino: I graduated from Villanova with a degree in
Psychology in 1962. State Farm hired me as a management development trainee in
the former Pennsylvania Regional Office and put me into a 53-week training
program. It wasn't a great starting salary, but I felt good about the company.
The people were warm and friendly and helpful.
I worked my way up through Human Resources and several
other insurance operations positions in different regions of the country and at
corporate, and then served as regional vice president of our Northeastern
Regional Office from 1981 to 1986. In that role, I was responsible for State
Farm operations in New York, New Jersey and New England. After that, I joined
what we call today the Chairman's Council, and was named President in 1998.
There are many paths to leadership – not all of them are
straight or clearly visible from the beginning. It wasn't always easy, and I had
to take some risks. In fact, I took a position in California once to get
experience back in the insurance side of the business. It was a demotion. At the
time, it wasn't the easiest move to explain to my wife Pat. But it was the right
move for us in the long run.
TBC: Why is State Farm a good place for Black
collegians to start their careers?
Trosino: When starting a career at State Farm,
associates quickly realize there are many paths for success. After mastering an
initial learning curve, our associates find there are several career options
within the company. We value learning agility, business acumen, and associates
who step outside of their comfort level to better serve our evolving customer
needs.
State Farm encourages associates to continue learning.
Everyone is given the opportunity to take classes and develop himself or herself
professionally. We are a learning organization.
TBC: What is your vision for diversity at State
Farm?
Trosino: Our commitment to diversity starts at the
top with our Chairman & CEO, Edward B. Rust, Jr. The whole State Farm
management team is committed to an inclusive environment where all associates
are treated with respect and dignity and differences are valued. We are
committed to having a workforce and an agency force that can fully serve the
needs of our increasingly diverse customer population. At State Farm, diversity
is the collective strength of experiences, skills, talents, perspectives and
cultures that each associate brings to State Farm. It's how we create a dynamic
business environment to serve our customers. That is the business imperative.
Diversity is a business issue ... it is a human issue ...
it is a societal issue. We expect all people who work for us to be respected for
who they are, their skills, their abilities and contributions. Our expectation
is for all people to be treated in a fair and balanced way.
At State Farm, our diversity initiatives are part of our
vision. The vision for diversity and inclusion relates to two categories:
Business Logic and Internal Reputation.
As all State Farm associates work toward our vision, a
framework helps focus our efforts toward common goals and strategies for
achieving our vision.
TBC: Tell us about some of the diversity initiatives
at State Farm.
Trosino: Some of our initiatives related to
diversity include the following:
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Increasing associate awareness of the impact diversity
has on achieving our business goals. This awareness includes associates
understanding, anticipating and being prepared to respond to customer needs
in evolving markets.
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Employee driven affinity/networking groups. These
recognized groups facilitate mentoring, professional development and assist
the Company in various ways.
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Supplier Diversity programs with the inclusion of
minority-owned, women-owned and person(s) with a disability-owned
businesses. We establish business relationships that help strengthen local
economies, and provide jobs in communities where many of our customers and
agents are located.
TBC: Why is diversity important to State Farm?
Trosino: Diversity is a business imperative. All of
us bring different sets of experiences, skills, talents, perspectives, and
cultures to State Farm. It's how we create a dynamic business environment to
serve our customers.
Different perspectives increase creativity. A diverse
workforce can offer different perspectives, ideas and solutions, or devise new
products and services that may generate new business opportunities.
Diversity is a strategic imperative that supports our
business objectives. A diverse workforce is better positioned to meet the needs
of our evolving customer base. In addition, a diverse, inclusive, and fully
engaged workforce is a key to increasing productivity and improving customer
service.
TBC: How has State Farm benefited from diversity?
Trosino: Incorporating diversity and inclusion into
our culture helps us continue to achieve business goals. We encourage the
diverse thoughts of associates to create business solutions by bringing insights
from a variety of perspectives, cultures, and experiences into the organization.
At State Farm, we do more than acknowledge differences; we
embrace them because they make us a stronger organization. They help us
understand the marketplace, and how we can do a better job of serving our
customers. We are committed to an inclusive environment where all associates are
treated with respect and dignity, and differences are valued.
TBC: What prompted you to be so strongly committed
to diversity?
Trosino: I've
always known, and felt, that it was the right thing to do. My family was
second-generation Italian and Polish immigrants. I was taught from a very young
age that America was great because people had opportunities to succeed if they
worked hard. My mother worked very hard as a homemaker. But, I learned the value
of hard work in the external world from my father who had a very strong work
ethic. He always knew I could do better and encouraged me in my education. I was
the first of my 26 cousins to graduate from a four-year college because of that.

I've always been aware that as individuals we each have
unique skills, experiences, and insights to offer. And many of those are
influenced by our culture – your background and family. Grandma Trosino always
said, "Honor your family" and "Tell the truth and tell it quickly."
What I learned from her has shaped my ability to lead. If I learned these
important lessons from my unique experiences, then many other people, with
different backgrounds, were also learning valuable lessons they could contribute
to their work.
Many years ago, I was one of the first employees at State
Farm to recruit at historically Black colleges and universities. It wasn't easy
to attract African Americans to Central Illinois in 1967. But, the world was
changing and it just made sense to me.
The biggest factor in our future success will not be our
products or our strategy; it's our employees. Yes, strategy and products are
important. The biggest factor is making sure the talent and performance of our
people are aligned with the interests of the Company and engaged in the
strategic-thinking process. If people don't feel included or encouraged to
contribute their ideas, we miss opportunities. If people are not engaged and
they are just coming into work, making it through the day, and leaving without
feeling like they are part of the enterprise – that's not good for business,
nor is it good for the employee.
TBC: Who are some of the top African-American
executives at State Farm and what positions do they hold?
Trosino: The highest-ranking African-American
employees at State Farm are:
Willie Brown
Sr. Vice President
Chairman's Council
Corporate Headquarters |
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Louise Perrin
Agency Vice President
Heartland
Zone |
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Duane Farrington
Operations Vice President
Florida Zone
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Kaye Lindsey
Operations Vice President
Great
Lakes Zone
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Michael Jones
Vice President
Systems, Corporate
Headquarters
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Arlivia Gamble
Agency Divisional Vice President
Corporate Headquarters |
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Harold Gray
Sr. Vice President
Pacific Northwest
Zone
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Greg Jones
Sr. Vice President
California Zone |
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Clayton Adams
Public Affairs
Vice President
Community Development Corporate Headquarters
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Warren Spikes
Operations Vice President
California Zone
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Barbara Carr
Vice President Agency
Florida Zone
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Michael Matlock
Agency Vice President
Central
Zone
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Bill Roundtree
Vice President-Compliance
Corporate Headquarters |
Michael Holmes
Vice President Operations
Heartland Zone
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Fred Marsh
Vice President Operations
Texas Zone |
TBC: Tell us about some of the minority employees
hired through THE BLACK COLLEGIAN who are succeeding today.
Trosino: While we do not track employees regarding
how or why they choose State Farm, we know that our relationship with THE BLACK
COLLEGIAN has been instrumental in helping us recruit and retain African
Americans as employees and customers. It is a long-term relationship that we
appreciate and value.
TBC: What skills and traits are required to succeed
at State Farm?
Trosino: The ability to work collaboratively, take
initiative, communicate well, problem solve, practice life long learning and
personal integrity are some of the traits needed to succeed at State Farm.
TBC: What does the future look like for State Farm?
Trosino: Serving our customers in the future
requires us to have the right people in the right jobs, at the right time. Our
vision for the future is to be the customer's first and best choice in the
products and services we provide. We will continue to be the leader in the
insurance industry and we will become a leader in the financial services arena.
Our customers' needs will determine our path. Our values will guide us.
TBC: What advice do you have for Black collegians
beginning their senior-year job search?
Trosino: If you're starting to look for a job or
internship in your senior year, you've waited too long. The key is to get
experience in a professional environment early on.
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