The Allstate Corporation

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.

Allstate originated inside Sears, Roebuck and Co., the dominant American retailer of the early twentieth century. Robert E. Wood, who became Sears president, championed the idea of selling auto insurance through the Sears mail-order catalog. Allstate Insurance Company began operations in 1931, named after a line of Sears automobile tires. The first policy was sold through the Sears catalog, an unusual distribution method at a time when insurance was sold primarily through local agents.

The business grew quickly. Sears opened Allstate sales booths in its retail stores in 1934, and the company added a dedicated agent force over the following two decades. In 1950, the company introduced the "You're in good hands" slogan, created by sales executive Davis Ellis. Allstate expanded into homeowners insurance in 1954 and added life insurance through Allstate Life Insurance Company in 1957.

Allstate went public in June 1993 in what was then the largest initial public offering in American history, with Sears selling approximately 20% of the company for about $2.4 billion. Sears distributed its remaining stake to its shareholders in June 1995, completing Allstate's separation as an independent company. The Allstate Corporation had been formed in 1992 as the holding company for the insurance operations.

Under CEO Edward Liddy and then Thomas J. Wilson, who became CEO in January 2007, Allstate shifted toward a multi-channel distribution strategy. In October 2011, Allstate acquired Esurance and Answer Financial from White Mountains Insurance Group for approximately $1 billion. Esurance gave Allstate an online, direct-to-consumer channel aimed at self-directed buyers, while Answer Financial added a comparison-shopping agency.

In January 2017, Allstate acquired SquareTrade, a provider of consumer protection plans sold through major retailers, for approximately $1.4 billion. The deal extended Allstate beyond traditional insurance into the product protection market. In 2020, Allstate acquired National General Holdings Corp. for approximately $4 billion in a deal that closed in January 2021, adding specialty auto coverage, an independent agent distribution network of roughly 42,300 agents, and brands including National General and Direct Auto.

Allstate also reshaped its portfolio through divestitures. In 2021, the company sold Allstate Life Insurance Company to Everlake Life Insurance Company, an entity backed by Blackstone, for approximately $2.8 billion. In 2025, Allstate completed the sale of its employer voluntary benefits business to StanCorp Financial Group, the parent of The Standard, and separately sold its group health business. Following those dispositions, the Allstate Health and Benefits segment ceased to be a reportable segment in the third quarter of 2025.

FY2025 was a record year. Revenue rose 5.6% to $67.7 billion, net income more than doubled to $10.2 billion, and the company reduced premiums for 7.8 million auto and homeowners customers by an average of 17% through coverage reviews. Allstate declared a dividend increase to $1.08 per share and announced a $4.0 billion share repurchase program to follow completion of the existing $1.5 billion authorization.

Allstate publishes an annual sustainability report covering climate, workforce, and governance metrics. The company has set emissions reduction targets for its operations and has committed to reducing operational greenhouse gas emissions by 2030 relative to its baseline, with an aspiration toward net-zero operational emissions over a longer horizon.

On the investment side, Allstate's portfolio decisions intersect with climate risk in two directions. The company is exposed to catastrophe losses as a property insurer, and it manages its investment portfolio with attention to climate-related credit and sector risks. Allstate has disclosed climate scenario analysis through its TCFD-aligned reporting.

The Allstate Foundation funds youth empowerment programs and supports domestic violence survivor services, including financial literacy programs for survivors of relationship abuse. The company has held a Catalyst Award and has been recognized on ESG-oriented indices at various points.

Allstate is not a Certified B Corporation. Its sustainability disclosures are primarily self-reported through the annual sustainability report and proxy materials rather than through third-party product certifications, which is typical for an insurance company.

• Fortune 500: Consistently ranked among the largest American companies by revenue; ranked 66th on the 2025 Fortune 500 list
• Fortune World's Most Admired Companies: Recurring inclusion in the property-casualty insurance category
• Ethisphere World's Most Ethical Companies: Recognized multiple years in the insurance category
• Newsweek America's Most Responsible Companies: Listed in national rankings of corporate responsibility
• Working Mother/Great Place to Work recognitions: Recurring workplace culture honors across regions

Allstate, like other large property-casualty insurers, operates under state-by-state insurance regulation covering rates, policy forms, claims practices, and capital. Its rate filings and claims handling have drawn recurring scrutiny from state regulators and plaintiff attorneys.

The company's use of telematics and data analytics has attracted regulatory and legal attention. In January 2025, the Texas Attorney General sued Allstate and Arity, alleging that the companies collected and used driving data from millions of consumers through embedded mobile apps without adequate consent, in violation of Texas privacy law. The litigation was ongoing as of late 2025. Similar consumer class actions have alleged that telematics data affected premiums in ways customers did not expect.

Allstate's claims practices have been litigated for decades, most famously in disputes over the "Colossus" claims valuation software and litigation tactics documented in disputes in the 1990s and 2000s. More recently, the company has faced criticism from regulators in Florida, California, and Louisiana over non-renewals, rate increases, and post-catastrophe claims handling following hurricanes.

The company has also faced scrutiny over its 2021 sale of its life insurance business, with some policyholders and advisors contesting the transition of service to third-party administrators.