Edition:
United States

Profile: Allstate Corp (ALL)

ALL on New York Consolidated

86.50USD
26 May 2017
Change (% chg)

$0.22 (+0.25%)
Prev Close
$86.28
Open
$86.04
Day's High
$86.63
Day's Low
$85.96
Volume
1,083,530
Avg. Vol
1,836,687
52-wk High
$86.63
52-wk Low
$65.27

The Allstate Corporation (Allstate), incorporated on November 5, 1992, is a holding company for Allstate Insurance Company. The Company's business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. The Company is engaged in the property-liability insurance business and the life insurance, retirement and investment products business. Its segments include Allstate Protection, Allstate Financial, Discontinued Lines and Coverages, and Corporate and Other. The Company offers its products in the United States and Canada.

The Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products through agencies and directly through contact centers and the Internet. These products are underwritten under the Allstate, Esurance and Encompass brand names. Allstate brand auto and homeowners insurance products are sold primarily through Allstate exclusive agencies and serve customers preferring local personalized advice and service. Allstate agencies also sell specialty auto products, including motorcycle, trailer, motor home and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella and manufactured home insurance policies; commercial lines products for small business owners; roadside assistance products, and service contracts and other products sold in conjunction with auto lending and vehicle sales transactions. In the United States, it offered these Allstate brand products in approximately 10,200 locations through approximately 34,160 licensed producers, including approximately 10,360 Allstate exclusive agencies and approximately 23,800 licensed sales professionals, as of December 31, 2016. It also offered these products through approximately 2,200 independent agencies that are primarily in rural areas in the United States, as of December 31, 2016. In Canada, it offered Allstate brand products through approximately 870 employee producers working in five provinces across the country (Ontario, Quebec, Alberta, New Brunswick and Nova Scotia), as of December 31, 2016.

The Company's Esurance brand auto, homeowners, renter and motorcycle insurance products are sold to customers online, through contact centers or through select agents. Esurance serves self-directed, brand-sensitive customers. Encompass brand auto, homeowners, umbrella and other insurance products, sold predominantly in the form of a single annual household (package) policy, are distributed through independent agencies that serve customers preferring personal advice and assistance from an independent advisor. Answer Financial, a personal lines insurance agency, serves self-directed, brand-neutral consumers. As of December 31, 2016, it offered comparison quotes for auto and homeowners insurance from approximately 25 insurance companies through its Website and over the phone and receives commissions for this service.

The Company's Allstate Financial segment sells life insurance and voluntary accident and health insurance products. As of December 31, 2016, the Company sold Allstate Financial products through Allstate exclusive agencies and approximately 1,000 exclusive financial specialists, and 6,000 workplace enrolling independent agents. Allstate exclusive agencies and exclusive financial specialists also sell retirement and investment products, including mutual funds, fixed and variable annuities, disability insurance, and long-term care insurance to provide a suite of protection and retirement products. Allstate exclusive agencies offer products targeted to consumers that prefer local personalized advice and branded products from both the Allstate Protection and Allstate Financial segments. The Company's Corporate and Other segment consists of holding company activities and certain non-insurance operations. Its Discontinued Lines and Coverages segment includes results from property-liability insurance coverage.

Company Address

Allstate Corp

2775 Sanders Rd
NORTHBROOK   IL   60062-6110
P: +1847.4025000
F: +1302.6555049

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