Who Owns National General?

What does The Allstate Corporation own?
Allstate owns a group of property-casualty insurance and consumer protection brands. Its insurance brands include Allstate, National General, Direct Auto, Encompass, and Answer Financial. Its protection services include Allstate Protection Plans (powered by SquareTrade), Allstate Roadside, Allstate Identity Protection, and Arity, a telematics data subsidiary. The company previously owned Esurance and a life insurance business, both of which it has retired or sold.

Is Allstate publicly traded?
Yes. The Allstate Corporation trades on the New York Stock Exchange under the ticker symbol ALL and is a component of the S&P 500. It became a public company in 1993 when Sears sold approximately 20% of the company in what was then the largest US IPO. Sears distributed the remaining shares to its stockholders in 1995.

Who founded Allstate?
Allstate was founded inside Sears, Roebuck and Co. in 1931. Robert E. Wood, then a senior Sears executive who later became its president and chairman, championed the idea of selling auto insurance through the Sears catalog. The brand was named after a line of Sears automobile tires.

Where is Allstate headquartered?
Allstate is headquartered in Northbrook, Illinois, a suburb north of Chicago. The company has had its corporate campus there since 1967. Allstate operates nationally in the United States and has operations in Canada, India, and Northern Ireland.

How many brands does Allstate own?
Allstate operates roughly eight to ten consumer-facing and business brands. The core set includes Allstate, National General, Direct Auto, Answer Financial, Encompass, Allstate Protection Plans (SquareTrade), Allstate Roadside, Allstate Identity Protection, and Arity. The Esurance brand has been retired as a standalone offering.

Who owns Allstate?
Allstate is an independent public company with no controlling shareholder. Its shares are owned by a broad base of institutional and retail investors, with the largest positions typically held by Vanguard, BlackRock, and State Street. It is not owned by Sears; Sears fully separated from Allstate in 1995.

Has Allstate made major acquisitions recently?
Yes. Allstate acquired SquareTrade for approximately $1.4 billion in January 2017 and National General for approximately $4 billion in January 2021. On the sell side, it sold its life insurance business to Everlake Life in 2021 for approximately $2.8 billion and completed the sale of its employer voluntary benefits and group health businesses in 2025.

What is Allstate's revenue?
Allstate reported FY2025 revenue of $67.7 billion, up 5.6% from FY2024. Net income was $10.2 billion and adjusted net income was $9.3 billion. The company had 210.9 million policies in force as of the fourth quarter of 2025.