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Allstate Corporation is a prominent American insurance company, founded in 1931 in Chicago, Illinois. Initially a subsidiary of Sears, Roebuck and Co., Allstate began by offering auto insurance through direct mail and catalogs. It became publicly traded in 1993 and fully independent from Sears in 1995. Headquartered in Glenview, Illinois, Allstate has grown significantly, now employing over 40,000 people and managing nearly $100 billion in assets. Allstate specializes in personal lines insurance, including auto, homeowners, and life insurance. The company pioneered age- and mileage-based auto rates and is known for its 'You're in good hands with Allstate' slogan. It has expanded its offerings through acquisitions, such as Encompass Insurance and Lincoln Benefit Life Company, and provides policies that can be purchased online, by phone, or through agents. Allstate also emphasizes customer protection and safety, advocating for initiatives like mandatory seat belts and disaster preparedness programs.
Innovative insurance solutions for underserved markets.