Insurance subsidiaries:Allstate Insurance Company
Allstate Indemnity Company
Allstate Life Insurance Company
Northbrooke Life and Top quality Company
Lincoln Benefit Life Company
Glenbrook Life and Top quality Company
Company Overview:
Company History: Allstate was originally founded in 1931 by Sears Roebuck and was part of that company until the 1980's when the shares of Allstate were distributed to Sears' Investors. Extra shares were later sold to the public. Allstate is listed on the NYSE with the icon = ALL
Allstate is the second most considerable U.S. personal selections property or home or home and damage insurance company (ranked by earned premiums) and the 13th most considerable life insurance company (based on life insurance in force). The Allstate Enterprise was incorporated under the laws of the Condition of De on Nov 5, 1992 to serve as the holding company for Allstate Insurance Company. Its customers are conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates. Allstate is usually engaged in the person property or home or home and damage insurance business and everything insurance, pension and reasonable responsibility products business. It conducts its business usually in the U. s. Reports and United declares. The Allstate Enterprise is the most considerable publicly held personal selections insurance company in the U. s. Reports. Allstate provides insurance products to more than 17 million individuals through a distribution program that works on the complete of just about 14,800 exclusive companies and exclusive reasonable experts in the U. s. Reports and United declares. Allstate has a several path alternative distribution program using providers (banks), individual suppliers, providers, broker-dealers, the globally web and cellphone revenue. The main business of Allstate is personal visitor car insurance and homeowner’s insurance in the U.S. It has a higher standing second in both of these companies with about 11% or 12% business respectively (State City is first at 18% and 22%). In 2006, traditional car plans involved about 61% of Allstate’s top fantastic, non-standard car for 5%, homeowner’s insurance insurance coverages for 24% and other selections for the remaining 10%. For Allstate’s car and homeowner’s insurance business, the declares which involved the most 2006 top fantastic are Florida (10.9%), New You are able to (10.1%), Az (9.7%), Florida (9.4%) and Florida (5.2%).
Allstate Financial, formerly known as Allstate Life, provides life insurance, annuities, advantages and reasonable responsibility products as well as old age products through suppliers and alternative distribution plans.
Allstate’s assortment also includes:
Asset Security products such as car, homeowner’s, condominium, renters, scheduled personal property or home or home, business outside outdoor umbrella, expert car, expert inland marine, entrepreneur, customizer and business package policy, landlord package, manufactured home, camper, motorcycle, boat, personal outside outdoor umbrella, rv, and motor club and federal flood coverage. Estate preparing products such as business succession preparing products, set survivorship life, and different survivorship life are offered as are Family protection insurance insurance coverages such as, phrase, all over the community life, different all over the community life, long-term care and supplemental insurance. Source Administration and Accumulation products involve set annuities, different annuities, a assurance indexed annuities, individual top fantastic immediate annuities, all over the community life, different all over the community life, individual top fantastic life, structured settlement annuities, mutual funds, qualified plans, such as IRAs, 401(k)s, 403(b)s, Educational Plans (529 and Coverdell Education Savings Accounts) and institutional funding agreements. Short-term Source Administration Products offered by Allstate involve checking information, advantages information, certificates of deposit, money industry information and mortgages.
Principal Methods: Allstate provides insurance through career suppliers and individual suppliers, the Online, direct revenue departments and through taking advantage of its service features to sell more recommendations to existing customers. The company focuses on developing and maintaining "high value lifetime" customers. Allstate has fantastic brand awareness with the advertising theme the "Good Hands" company.
Allstate provides insurance products to more than 17 million individuals through a distribution program that works on the complete of just about 14,800 exclusive companies and exclusive reasonable experts in the U. s. Reports and United declares. Allstate has a several path alternative distribution program using providers (banks), individual suppliers, providers, broker-dealers, the globally web and cellphone revenue. The main business of Allstate is personal visitor car insurance and homeowner’s insurance in the U.S. It has a higher standing second in both of these companies with about 11% or 12% business respectively (State City is first at 18% and 22%). In 2006, traditional car plans involved about 61% of Allstate’s top fantastic, non-standard car for 5%, homeowner’s insurance insurance coverages for 24% and other selections for the remaining 10%. For Allstate’s car and homeowner’s insurance business, the declares which involved the most 2006 top fantastic are Florida (10.9%), New You are able to (10.1%), Az (9.7%), Florida (9.4%) and Florida (5.2%).
Life Top quality Business: Allstate is a top 25 designer of life plans in the U.S.
Allstate Financial, formerly known as Allstate Life, provides life insurance, annuities, advantages and reasonable responsibility products as well as old age products through suppliers and alternative distribution plans.
Auto Business: Allstate is the 2nd most considerable car insurance comopany in the U. s. Reports. Automobile insurance represents just about 70% of Allstates business.
Homeowners Business: Allstate is the 2nd most considerable Homeowner Insurance company in the U. s. Reports. Homeowner Insurance recommendations represent just about 25% of Allstates business.
Health Business: Allstate is a top 25 designer of wellness plans in the U.S.
Company Rating:
Best Insurance Reports: A+
Best Rating: Allstate has gotten mostly superior ratings (A+) from Best's for the past five decades, (except for a B+ for its Allstate Floridian Insurance Company Subsidiary). The Group gets kudos on a number of levels. it is deemed usually traditional in its recommendations, with a great reasonable responsibility strategy, efficient in its features and technology, fantastic in underwriting and fantastic in its selling efforts.
Company Financial Status:
Ticker Symbol: ALL
Assets & Premiums: Allstate Insurance Group is usually a national insurance company specializing in car and homeowner insurance. It also provides life insurance, annuities and personal reasonable loans. It has a additional that provides banking services.
Premiums and income has been continuously increasing for five decades, but more from price increases than from acquiring new customers. The company has over $47 million dollars in resources. Capitalization has gone up and down because parents company often takes dividends and because of underwriting and reasonable responsibility problems. Leverage is reasonable with just about 22% of capital represented in debt and preferred share as of January, 2004.
In 2005, Allstate took a major hit from gulf hurricanes ($5.8 million in losses). However, while profit and return on a assurance were down other reasonable indicators seem to have remained fairly steady. This is the nature of property or home or home damage insurance. It is a sign of a strong company that singificant problems do not cause extensive reasonable distress.
