Allstate
Allstate Insurance Company
2775 Sanders Road | Northbrook, IL 60062
Parent Company:
none
Subsidiary Companies:
none
Date Incorporated:
November 5, 1992
Stock Ticker:
ALL
Email:
none
Phone:
(847) 402-5000
Website:
www.allstate.com
Lines of Insurance:
Auto, Life, Homeowners Company Overview:
Allstate Insurance Company was created by Sears Roebuck in 1931 to provide the growing number of automobile owners with a convenient way to purchase auto insurance—through their catalog. After a few years, Sears set up offices in its department stores to sell policies there as well. The company was one of the first to customize rates according to a person’s driving history rather than the industry standard. In 1995, Sears sold its shares of Allstate making it an independent company and today it is the second largest auto and home insurer in the United States.
The company thrives in personal home and auto coverage, holding approximately 11 and 12 percent of the market share respectively. Auto coverage makes up about 70 percent of the company’s business. The company is also a top 25 writer of health insurance policies.
Another component of Allstate’s business is selling life insurance policies and financial products in the U.S. through its subsidiary Allstate Financial.
The company now sells its products through exclusive agents and financial specialists in the United States and Canada. It also utilizes other channels, such as financial institutions, independent agents, brokers, broker-dealers, and the Internet and telephone.
*As of July, 2009
States Served:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY
