The Allstate Corp.

The Allstate Corp.

The Allstate Corp.

Overview
Date Founded

1931

Headquarters

2775 Sanders Road,Northbrook, IL 60062-7127

Type of Company

Public

Employees (Worldwide)

46.3K

Industries

Other Insurance Services
Private Equity & Venture Capital
Consumer Finance
Insurance: Life & Health
Reinsurance
Accounting & Financial Services
Trusts & Funds
Insurance: Property & Casualty

Company Description

The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. It operates through following business segments: Allstate Protection, Service Businesses, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment sells private passenger auto and homeowners insurance through agencies and directly through call centers and the internet. These products are marketed under the Allstate, Encompass and Esurance brand names. The Service Businesses segment offers a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside, and Allstate Dealer Services. The Allstate Life segment provides traditional, interest-sensitive, and variable life insurance products through Allstate exclusive agencies and exclusive financial specialists. The Allstate Benefits segment gives voluntary benefits products, including life, accident, critical illness, short-term disability, and other health products sold through workplace enrolling independent agents and Allstate exclusive agencies. The Allstate Annuities segment consists of deferred fixed annuities and immediate fixed annuities. The Discontinued Lines and Coverages segment includes results from property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment comprises of the company's activities and certain non-insurance operations. The company was founded on April 17, 1931 and is headquartered in Northbrook, IL.

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Executives & Employees

Chair, President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Executive Vice President, Chief Legal Officer, General Counsel & Secretary of the Company & AIC

Senior Vice President & Chief Marketing Officer of AIC

Chief Accounting Officer, Senior Vice President & Controller

Executive Vice President & General Manager of Allstate Agency Distribution-Allstate Insurance Company

President, Eastern Territory Allstate Insurance Company

President, Western Territory Allstate Insurance Company

Vice President, Assistant General Counsel & Assistant Secretary

President, Service Businesses Allstate Insurance Company

Board of Directors

Chairman & Chief Executive Officer at Allstate Insurance Company

Chief Executive Officer, Protection Products & Services at Allstate Insurance Company

Chief Executive Officer at Synchrony Financial

Former Chairman & Chief Executive Officer at United Parcel Service, Inc.

Former Managing Partner & Chief Executive Officer at Wellington Management Company LP

Vice Chairman at National Association of Manufacturers

Former President & Chief Operating Officer at Rite Aid Corp.

President, Director at Fidelity Investments Money Management, Inc.

SEE Schedule at Northwestern Memorial Healthcare Group Return

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The Allstate Corp.
Owners & Shareholders
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MIMBT maintains a flexible strategy designed to conform with various clients' individual investment objectives, whether such objectives are growth, total return, current income, tax-exempt income, asset allocation, international or global, or stability of principal. In addition, a portfolio manager will generally consider the composition of the relevant benchmark index, as well as the composition of portfolios within a competitive peer group when constructing the portfolio for a fund. This method is designed to minimize both excessive volatility within the portfolio and wide divergence in performance versus the market in a given investment style or mandate, while seeking to produce consistently above average long-term performance. MIMBT manages separate client-focused equity, debt, and balanced portfolios. They invest in the public equity and debt markets of the US, non-US, and other emerging economies. They invest in growth-oriented value stocks of small-cap, mid-cap and large-cap companies. The firm selects countries by utilizing a top-down approach and selects using fundamental analysis with a bottom-up approach.

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AQR specializes in quantitative investment analysis and utilizes a systematic research-driven approach to managing alternative and traditional strategies. The firm's models may consider a wide breadth of factors - from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy's viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. The firm performs ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data.

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LSV Asset Management is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSV uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. Their portfolios typically have a deep value orientation relative to the indices. Market timing is not part of LSV's process and portfolios are generally fully invested with cash levels usually below 2 percent. LSV selects individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions. Portfolio turnover is approximately 30 percent for each strategy. LSV also offers socially responsible investment portfolios and has a strict policy against using soft dollars.

Recent Transactions
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The Allstate Corp., SquareTrade, Inc. purchase iCracked, Inc. from Tenaya Capital LLC, Y Combinator LLC, SV Angel LLC, Fuel Capital Management Co. LLC

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The Allstate Corp., SquareTrade, Inc. purchase PlumChoice, Inc. from M/C Partners, Comerica Ventures Incorporated, Gold Hill Capital Management LLC, Edison Ventures Management LLC

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The Allstate Corp. purchases Infoarmor, Inc. from Summit Partners LP

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onThe Allstate Corp. purchases American Heritage Life Investment Corp.

Legal Advisor

Advised onThe Allstate Corp. purchases American Heritage Life Investment Corp.

Investment Advisor

Advised onThe Allstate Corp. purchases American Heritage Life Investment Corp.

Attorney

Advised onPrudential Financial, Inc. purchases Allstate Corp. /Variable Annuities Business from The Allstate Corp.

Legal Advisor

Advised onResolution Operations LLP, Resolution Life Holdings, Inc. purchase Lincoln Benefit Life Co. from The Allstate Corp.

Legal Advisor

Advised onThe Allstate Corp., Allstate Non-Insurance Holdings, Inc. purchase Squaretrade Holding Co., Inc. from Weston Presidio Service Co. LLC, Bain Capital Ventures LP, Bain Capital Private Equity LP, G Partners (Belgium) SPRL, Panorama Capital LLC

Advisors & Consultants
Legal Advisor

Partner at Sheppard, Mullin, Richter & Hampton LLP

Partner at Sheppard, Mullin, Richter & Hampton LLP

Legal Advisor

Faculty Member at Practising Law Institute

Clients

Camping World Holdings, Inc. engages in the provision of a comprehensive portfolio of services, protection plans, products and resources for recreational vehicle enthusiasts. It offers products under the brands Camping World and Good Sam. Its operates through the following segments: Consumer Services & Plans and Retail. The Consumer Services & Plans segment offers services such as emergency roadside assistance, property and casualty insurance programs, travel assist programs, extended vehicle service contracts, co-branded credit cards, vehicle financing and refinancing, club memberships, and publications and directories. The Retail segment offers products such as new vehicles, used vehicles, parts and service, including RV accessories, and supplies, as well as finance and insurance. The company was founded in 1966 and is headquartered in Lincolnshire, IL.

Primerica, Inc. engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies. The Investment and Savings Products segment involves retail and managed mutual funds and annuities, and segregated funds. The Corporate and Other Distributed Products segment comprises the revenues and expenses related to discontinued lines of insurance. The company was founded by Arthur L. Williams, Jr. and Angela Williams on February 10, 1977 and is headquartered in Dublin, GA.

HomeStreet, Inc. is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking. The company was founded on August 17, 1921 and is headquartered in Seattle, WA.

Key Stats and Financials As of 2019
Market Capitalization
$30B
Total Enterprise Value
$47B
Earnings Per Share
$14.03
Revenue
$44.3B
Total Equity
$26B
Net Profit
$4.85B
TEVNet Income
9.69x
Debt TEV
0.15x
Enterprise Value Sales
1.06x
Total Debt
$7.22B
Three Year Compounded Annual Growth Rate Of Revenue
6.85%
Five Year Compounded Annual Growth Rate Of Revenue
4.88%
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
Investments
Details Hidden

Amenity Analytics LLC engages in provision of online data processing and information extraction services. It offers financial services, strategic intelligence, and knowledge discovery solutions. The firm also offers machine learning combined with visual pattern recognition, proprietary natural language processing technology, including full grammatical parsing services. The company was founded by Nathaniel Storch, Ronen Feldman and Hedva Feldman in 2015 and is headquartered in New York, NY.

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Apropos Technology, Inc. develops and markets multi-channel interaction management application. The company provides software that manages and monitors customer interaction through communication media such as e-mail, web and voice. Its software is used by customer service call centers, sales and marketing communications and combines internet and telephone functions to let customer service representatives communicate by telephone, email, fax and web. The company was founded in 1989 and is headquartered in Oakbrook Terrace, IL.

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Aurigen Capital Ltd. engages in the provision of life and health reinsurance services. It offers risk and capital management solutions tailored to specific customer needs. The company was founded by Alan Ryder and Gregg Clifton in 2007 and is headquartered in Pembroke, Bermuda.

Suppliers
Publicis Groupe SA Hospitals & Patient Services | Paris, France

Publicis Groupe SA engages in the advertising industry. Its services include customer relationship management, direct marketing, sales promotion, events management, public relations, and corporate, multicultural and financial communications. The company was founded by Marcel Bleustein-Blanchet in 1926 and is headquartered in Paris, France.

NIIT Ltd. Other Business & Consulting Services | Gurgaon, India

NIIT Limited is an Indian Multinational company that offers learning management and training delivery solutions to corporations, institutions and individuals. It has three main lines of business worldwide: Corporate Learning Group (CLG), Skills and Careers Group (SNC), and School Learning Group (SLG). In 2006, the IT services business of NIIT was demerged into a separately listed company NIIT Technologies. NIIT Limited now focuses on Corporate Training, Vocational Training for Services Sectors and Education and Training in Schools. NIIT Limited owns 23.98% of NIIT Technologies.

Reinsurance Group of America, Inc. Insurance: Life & Health | Chesterfield, Missouri

Reinsurance Group of America, Inc. is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America; Canada; Europe, Middle East, and Africa; Asia Pacific; and Corporate and Other. The U.S. and Latin America segment markets traditional life and health reinsurance, reinsurance of asset-intensive products, financial reinsurance, and other capital motivated solutions in the U.S., Mexico, and Brazil. The Canada segment includes operations of RGA Canada, which employs its own underwriting, actuarial, claims, pricing, accounting, systems, marketing, and administrative staff in offices located in Montreal and Toronto. The Europe, Middle East, and Africa segment serves clients from subsidiaries, licensed branch offices, and representative offices primarily located in France, Germany, Ireland, Italy, the Middle East, the Netherlands, Poland, South Africa, Spain, and the United Kingdom. The Asia Pacific segment covers operations in Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, South Korea, and Taiwan. The Corporate and Other segment consists of investment income from unallocated invested assets, investment related gains, and losses and service fees. The company was founded in 1973 and is headquartered in Chesterfield, MO.

Competitors
Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Progressive Corp. Insurance: Property & Casualty - Mayfield Village, OH

Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded in 1965 and is headquartered in Mayfield Village, OH.

Liberty Mutual Holding Co., Inc. Insurance: Life & Health - Boston, MA

?????????????????Liberty Mutual Insurance helps people preserve and protect what they earn, build, own, and cherish. Throughout their operations around the world, they are committed to providing insurance products and services to meet the needs of individuals, families, and businesses; offering a diverse and dynamic work environment for our employees; and supporting our communities.?

Awards & Honors
Rank #81
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #81
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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