- CEO
- Thomas Joseph Wilson II
- Full Time Employees
- 54,300
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 2775 Sanders Road Northbrook IL United States of America 60062
- IPO Date
- Sep 6, 2018
- Business
- The Allstate Corporation is a prominent insurer operating in the United States and Canada, offering a comprehensive suite of protection and financial solutions through its various business units. The company's operations are broadly categorized into Property-Liability, Protection Services, and Health & Benefits segments. The Property-Liability division delivers a wide array of personal and commercial insurance products, encompassing private passenger auto coverage, homeowners policies, and specialized offerings for renters, condominiums, landlords, motorcycles, boats, recreational vehicles, and umbrella liability. This segment also includes innovative telematics programs like Drivewise and Milewise, which leverage driving data for personalized pricing and safety insights, and is shifting some commercial lines under the National General brand. The Protection Services segment focuses on providing consumer product protection plans for electronics, mobile devices, furniture, and appliances, alongside vehicle service contracts, roadside assistance, and identity theft protection. This area also includes Arity, a company specializing in data and analytics derived from automotive telematics to enhance transportation safety and efficiency. Allstate's Health & Benefits segment provides life insurance, accident coverage, critical illness, and short-term disability products, although the company announced the sale of its employer voluntary benefits business, expected to finalize in early 2025, to streamline its focus. The corporation leverages a diversified distribution network, enabling customers to acquire products and services through exclusive Allstate agents, independent agents, benefits brokers, online platforms, call centers, and mobile applications. Founded in 1931, The Allstate Corporation maintains its headquarters in Northbrook, Illinois, and continues to adapt its strategies, including a "Transformative Growth" initiative and integrating artificial intelligence, to expand market share and enhance customer experience. In late 2024 and throughout 2025, the company has reported strong financial results, with significant revenue and net income growth driven by improved underwriting and investment performance.