The Allstate Corp - Company Profile
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The Allstate Corp (Allstate) is a provider of insurance products. The company, along with its subsidiaries, offers a range of life, non-life and health insurance products under the brands including Allstate, National General and Answer Financial to individuals and corporate clients. Allstate offers insurance products for auto, boat, home, renters, landlord, condominium, motorcycle, recreational vehicle, umbrella, manufactured home and stand-alone scheduled personal property. The company also offers voluntary benefits and individual life and health products, including short-term disability, critical illness, life, accident, and other health insurance products. It sells and distributes its products through independent agents, benefits brokers, Allstate exclusive agents, contact centers and online in Europe, Asia, America, Australia, and Canada. Allstate is headquartered in Northbrook, Illinois, the US.
Headquarters
United States of America
Address
3100 Sanders Road, Northbrook, Illinois, 60062
Website
www.allstateinvestors.com
Telephone
1 847 4025000
No of Employees
53,000
Industry
Financial Services
Ticker Symbol & Exchange
ALL (NYSE)
Revenue (2022)
$57.1B
11.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
85.4%
(2022 vs 2021)
Market Cap*
$44.0B
Net Profit Margin (2022)
XYZ
86.9%
(2022 vs 2021)
* As of and is in US$
The Allstate Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Private Passenger Auto Insurance | Financial Planning and Advisory Services | Arity |
| Homeowners Insurance | Retirement Planning and Advisory Services | Allstate |
| Other Personal Lines Insurance | Insurance Advisory Services | National General |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company tied up with NEXT Insurance to combine their expertise in small business insurance to develop and provide innovative and new products to a large underserved market. |
| 2023 | New Products/Services | In November, the company launched the latest version of its mobile app, which includes features such as GasBuddy, Risk Factor, SpotHero, and Allstate’s own Good Hands Repair Network. |
| 2021 | Contracts/Agreements | In November, the company entered into an agreement to sell the property in Northbrook, Illinois to Dermody Properties for approximately US$232 million. |
Competitor Comparison
| Key Parameters | The Allstate Corp | The Progressive Corp | State Farm Mutual Automobile Insurance Co | Liberty Mutual Holding Company Inc | American International Group Inc (AIG) |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Northbrook | Mayfield Village | Bloomington | Boston | New York |
| State/Province | Illinois | Ohio | Illinois | Massachusetts | New York |
| No. of Employees | 53,000 | 61,400 | 53,000 | 50,000 | 25,200 |
| Entity Type | Public | Public | Private | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas J. Wilson | Chairman; Chief Executive Officer; President | Executive Board | 2018 | 66 |
| Jesse E Merten | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | 49 |
| Christine M. DeBiase | General Counsel; Executive Vice President; Corporate Secretary; Chief Legal Officer | Senior Management | 2023 | 55 |
| Julie Parsons | Chief Operating Officer - Personal Property-Liability, Allstate Insurance Company; Executive Vice President - Allstate Insurance Company | Senior Management | 2019 | - |
| Elizabeth A. Brady | Chief Marketing, Customer and Communications Officer - Allstate Insurance Company; Executive Vice President - Allstate Insurance Company | Senior Management | 2020 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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