Company
The Allstate Corporation
Headquarters: Northbrook, IL, United States
Founded: April 17, 1931
Employees: 54,300
CEO: Mr. Thomas Joseph Wilson II
Market Cap
$38.86 Billion
USD as of Jan. 1, 2024
The Allstate Corporation Categories
United States Financials Insurance—Property & CasualtyUnited States Financials United States Insurance—Property & Casualty
Company Description
The Allstate Corporation is an insurance company headquartered in Northfield Township, Illinois. Tracing its origins to 1931, Allstate Corporation has grown to become the largest publicly-traded property-casualty insurance in the US, offering individual auto and property insurance together with business and commercial insurance as well as an array of associated insurance products. Allstate operates 19 companies in the United States, United Kingdom, Canada, and India.
Top Competitors by Market Capitalization
Industry: Insurance—Property & Casualty
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names. The Protection Services segment provides consumer product protection plans and related technical support for mobile phones, consumer electronics, furniture, and appliances; finance and insurance products, including vehicle service contracts, guaranteed asset protection waivers, road hazard tire and wheel, and paint and fabric protection; roadside assistance; device and mobile data collection services; data and analytic solutions using automotive telematics information; and identity protection services. This segment offers its products under various brands including Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside Services, Arity, and Allstate Identity Protection. The Allstate Health and Benefits provides life, accident, critical illness, short-term disability, and other health insurance products. The Run-off Property-Liability offers property and casualty insurance. It sells its products through call centers, agencies, financial specialists, independent agents, brokers, wholesale partners, and affinity groups, as well as through online and mobile applications. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois.
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Stocks & Indices
The Allstate Corporation has the following listings and related stock indices.
Stock: NYSE: ALL wb_incandescent
Stock: FSX: ALS wb_incandescent
Stock: NYSE: ALL-B wb_incandescent
Stock: NYSE: ALL-G wb_incandescent
Stock: NYSE: ALL-H wb_incandescent
Stock: NYSE: ALL-I wb_incandescent
Stock: XETR: ALS wb_incandescent
Product & Services
Auto, Home, Life, Motorcycle, Renters, Boat, Landlord, Condo, Off-road vehicle, & Business Insurance Retirement & Investment products Banking services
Key People
Thomas J. Wilson (Chairman, President, and CEO)
Financials
Revenue: US$44.675 billion (2019)
Operating income: US$6.089 billion (2019)
Net income: US$4.847 billion (2019)
Total assets: US$119.950 billion (2019)
Total equity: US$25.998 billion (2019)