Allstate

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Allstate Corp.

logo
legal form Corporation
Public Company (USA)
ISIN US0200021014
founding 1931
Seat Northbrook , Illinois ,
United States
management Thomas J. Wilson ( CEO )
sales $ 32.65 billion (2011)
Branch insurance
Website www.allstate.com

Allstate Corp. is a US insurance company headquartered in Northbrook , Illinois . The company is listed in the S&P 100 share index.

Company history

The brand name was introduced in the 1920s for a vehicle tire from Sears, Roebuck and Company (Sears). The company was founded in 1931 as part of Sears, Roebuck & Co. and, as a pioneering achievement, also offered insurance policies in the mail order business. From 1934 onwards, an agency system was used. The adaptation of vehicle policies to age, mileage and intended use, introduced by Allstate in 1939, became standard in the industry.

From 1942, Allstate introduced a training program for women who filled the positions of men drafted into the military. In 1949 the company took in $ 45.3 million in premiums, held 708,763 policies, and had over 2,800 employees. The company opened its first drive-in counter in 1952 and began its traffic education program in high schools the following year . From 1954 fire protection insurance for properties was also offered and in 1959, for the first time, a large insurer granted discounts on premiums for the purchase of compact cars. This year, Allstate already received US $ 438.6 million in premiums from over 5.3 million policies and employed 14,633 people.

After Allstate had also offered its services in Canada since 1950, the Allstate Insurance Company of Canada and Allstate Life Insurance Company of Canada were founded as subsidiaries in 1964 . In 1967, the headquarters was Skokie ( Illinois ) to Northbrook (Illinois) laid. Starting in 1968, Allstate began working with the government on road safety issues, supporting compulsory seatbelt wear and the introduction of airbags . At the end of the decade, Allstate had 11.4 million policies with a premium volume of US $ 1.48 billion and employed over 30,000 people.

In 1978, Northbrook Property and Casualty Insurance Company was established as a subsidiary. The company specializes in medium and large business customers. The portfolio rose

At the end of the decade, Allstate had 18.3 million policies with a premium volume of US $ 4.99 billion; the workforce was now over 40,000. In the following decade the numbers rose to 27.2 million policies and 13.9 billion US $ in premiums. 55,789 people were on the payroll.

Vehicle brands

Allstate was also used on various occasions as Sears' own brand for complete vehicles, such as the Allstate High Lander scooter produced by the Cushman Motor Works and the Allstate A-230 compact car offered from 1952 to 1953 (according to the American definition at the time). Mopeds and motorcycles from the Austrian Puch works were also sold under this brand name . But Allstate was not itself a vehicle manufacturer.

Going public

In 1993, Allstate went public, and in 1995 Sears sold its shares.

The Allstate company slogan is “ You're in good hands ” (German: “You are in good hands”). It was first used in advertising in 1952.

Allstate offers several types of insurance to its customers.

Allstate's major competitors include State Farm , American Family , Farmers Insurance Group , Nationwide , Progressive, and Geico insurance companies .

various

The company Allstate is sponsoring various sports events, including Allstate Sugar Bowl , the Allstate 400 at the Brickyard and the United States Olympic Committee .

gallery

Web links

Commons : Allstate  - collection of images, videos and audio files

Individual evidence

  1. ^ Allstate, Form 10-K, Annual Report, Filing Date Feb 22, 2012 . (PDF) secdatabase.com; accessed on December 29, 2014
  2. ↑ a b c allstatenewsroom.com: History and Timeline, 1930s
  3. ↑ allstatenewsroom.com: History and Timeline, 1940s
  4. ↑ a b allstatenewsroom.com: History and Timeline, 1950s
  5. ↑ allstatenewsroom.com: History and Timeline, 1960s
  6. ↑ allstatenewsroom.com: History and Timeline, 1970s
  7. ↑ allstatenewsroom.com: History and Timeline, 1980s
  8. ^ History and Timeline ( Memento from July 2, 2007 in the Internet Archive )