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UPDATED: Aug 20, 2020
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- Allstate Insurance Company of Canada
- Allstate Fire and Casualty Insurance Company
- Allstate Life Insurance Company
- American Heritage Life Insurance Company
- Encompass Insurance Company
Company History: Allstate was originally founded in 1931 by Sears Roebuck. In the 1980’s shares of Allstate were distributed to Sears’ Shareholders. Allstate became a publicly traded company in 1993.Allstate’s general sales manager Davis W. Ellis created the company’s “You’re in Good Hands with Allstate” slogan in 1950. At the end of 2013, Allstate’s total assets equaled out to 123.5 billion dollars. In 2014 Allstate ranked number 92 on the Fortune 500 list as it is the third largest U.S. personal lines insurer. The Allstate Corporation was incorporated under the laws of the State of Delaware on November 5, 1992 to serve as the holding company for Allstate Insurance Company.
Principle Sales Methods: Allstate sells insurance through career agents and independent insurance agents, the Internet, and direct call centers.Allstate has a multiple channel alternative distribution system utilizing financial institutions (banks), independent agents, brokers, broker-dealers, the internet and telephone sales.
Life Annuity Business: Allstate Financial, previously known as Allstate Life, offers life insurance, savings and investment products as well as pension products through agents and alternative distribution channels. Allstate financial sells life/accident/health insurance products. Beginning January 1, 2014, the Company stopped offering fixed annuities.
Auto Business: Allstate is the 3rd largest automobile insurance company in the United States. Allstate features products such as Allstate Your Choice Auto which includes options such as accident forgiveness, safe driving deductible rewards and a safe driving bonus. They also offer a Claim Satisfaction Guarantee that ensures a return of premium to customers who are not satisfied with their claims experience. The Drivewise program (currently available in 30 states)grants discounts and bonuses based on driving performance.
Homeowners Business: Allstate Protection mainly sells private passenger auto and homeowners insurance in the United States andCanada.