- Business
- The Allstate Corporation (NYSE: ALL-PI) provides property and casualty insurance products and services to consumers and businesses in the United States and Canada. The company offers standard auto insurance; homeowners insurance; renters insurance; condominium insurance; motorcycle, boat, and off-road vehicle insurance; life insurance; device protection plans; identity protection; and commercial insurance products including business owners policies, general liability, and workers' compensation coverage, marketed through exclusive agents, independent agents via subsidiaries such as National General, and direct-to-consumer channels. Allstate operates primarily in the U.S. personal lines and commercial insurance segments, targeting individual consumers, small businesses, and families, with key subsidiaries including Esurance, Encompass Insurance Company, and Allstate Insurance Company of Canada; it maintains a technology and operations center in India. Founded in 1931 and headquartered in Northbrook, Illinois, Allstate continues to innovate with telematics-based offerings like Drivewise and mobility analytics through Arity. In 2025, the company completed the $1.25 billion sale of its Group Health business to Nationwide, generating a book gain of approximately $500 million as part of its capital management strategy, following the earlier divestiture of its Employer Voluntary Benefits business to The Standard and ongoing portfolio optimization efforts.