OverviewSuggest Edit

Allstate is a company operating as a personal lines property and casualty insurer. It operates across 7 segments: Allstate Protection, Protection Services, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment offers private passenger auto, homeowners, other personal lines, and commercial insurance through agencies, contact centers, and online. The Protection Services segment includes Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside Services, Arity, and Allstate Identity Protection. The Allstate Life segment provides traditional, interest-sensitive, and variable life insurance products. The Allstate Benefits segment offers voluntary benefits products, including life, accident, critical illness, short-term disability, and other health insurance products. The Allstate Annuities segment consists of deferred fixed annuities and immediate fixed annuities (including standard and sub-standard structured settlements) in run-off. The Discontinued Lines and Coverages relates to property and casualty insurance policies written during the 1960's through the mid-1980's with exposure to asbestos, environmental, and other claims in run-off. The Corporate and Other segment includes holding company activities and certain non-insurance operations.

TypePublic
Founded1931
HQNorthbrook, IL, US
Websiteallstate.com
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)41,860(-8%)
Job Openings1,486
Revenue (FY, 2020)$44.8 B
Share Price (Jul 2021)$129.7(+2%)

Key People/Management at Allstate

Tom Wilson

Tom Wilson

Chair, President and Chief Executive Officer, The Allstate Corporation
Julie Parsons

Julie Parsons

Chief Operating Officer, Personal Property-Liability
John Dugenske

John Dugenske

President, Investments and Financial Products
Glenn Shapiro

Glenn Shapiro

President, Personal Property-Liability
Mario Rizzo

Mario Rizzo

Executive Vice President and Chief Financial Officer
Steven P. Sorenson

Steven P. Sorenson

Executive Vice President, Corporate Business Transformation
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Allstate Office Locations

Allstate has offices in Northbrook, Naperville, San Francisco, Atlanta and in 23 other locations
Northbrook, IL, US (HQ)
2775 Sanders Rd
Naperville, IL, US
2012 Corporate Ln #108
San Francisco, CA, US
San Francisco
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Allstate Financials and Metrics

Allstate Revenue

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Allstate's revenue was reported to be $44.79 b in FY, 2020 which is a 0.3% increase from the previous period.
USD

Revenue (Q1, 2021)

12.5b

Gross profit (Q1, 2021)

6.2b

Gross profit margin (Q1, 2021), %

49.5%

Net income (Q1, 2021)

(1.4b)

Market capitalization (23-Jul-2021)

38.8b

Closing stock price (23-Jul-2021)

129.7

Cash (31-Mar-2021)

709.0m

EV

46.1b
Allstate's current market capitalization is $38.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

39.8b44.7b44.8b

Revenue growth, %

3%12%0%

Cost of goods sold

25.5b26.7b25.8b

Gross profit

14.3b18.0b19.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

11.0b11.1b11.1b10.1b11.2b11.5b12.5b

Cost of goods sold

6.5b7.0b6.7b6.2b6.7b6.9b6.3b

Gross profit

4.5b4.1b(2.2b)3.9b4.5b4.6b6.2b

Gross profit Margin, %

41%37%(20%)39%41%40%50%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

499.0m338.0m377.0m

Accounts Receivable

6.2b6.5b6.5b

PP&E

1.0b1.1b1.1b

Goodwill

2.5b2.5b2.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

551.0m599.0m587.0m338.0m547.0m370.0m709.0m

Accounts Receivable

6.2b6.4b6.6b6.4b6.4b6.6b7.9b

PP&E

1.0b1.1b1.1b1.1b1.1b1.1b1.0b

Goodwill

2.5b2.5b2.5b2.5b2.5b2.5b3.4b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.3b4.8b5.6b

Depreciation and Amortization

511.0m647.0m686.0m

Cash From Operating Activities

5.2b5.1b5.5b

Purchases of PP&E

(277.0m)(433.0m)(308.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

1.3b2.1b3.1b549.0m1.8b3.0b(1.4b)

Depreciation and Amortization

157.0m317.0m476.0m155.0m318.0m500.0m260.0m

Cash From Operating Activities

714.0m2.1b3.9b1.0b2.9b4.2b1.4b

Purchases of PP&E

(80.0m)(173.0m)(293.0m)(65.0m)(166.0m)(235.0m)(61.0m)
USDFY, 2018

EV/CFO

6.5 x

Revenue/Employee

882.0k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

5.3 x

P/E Ratio

13.9
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Allstate Operating Metrics

FY, 2018FY, 2019FY, 2020

Agencies

10.7 k10.8 k10.4 k

In-Force Policies

113.9 m145.9 m175.9 m

Locations

10.6 k10.7 k10.3 k

Partners (Independent Agencies)

2.7 k3.4 k5.2 k
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Allstate Acquisitions / Subsidiaries

Company NameDateDeal Size
National General Holdings Corp.January 04, 2021$4 b
iCracked Inc.February 12, 2019
PlumChoice, Inc.November 30, 2018$30 m
InfoArmor, Inc.October 05, 2018$525 m
SquareTradeGo, Inc.January 03, 2017$1.4 b
EsuranceMay 18, 2011
White Mountains Insurance GroupMay 18, 2011
American Heritage Life Investment CorporationNovember 01, 1999
1100 Compton, LLC
ABC Agency Network, Inc.
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Allstate Revenue Breakdown

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Allstate revenue breakdown by business segment: 86.2% from Property-Liability and 13.8% from Other

Human Capital Metrics

Allstate's employees are reported to be approximately 55% female and 45% male.
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Allstate Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Allstate Online and Social Media Presence

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Allstate Company Culture

  • Overall Culture

    C-

    64/100

  • CEO Rating

    A

    75/100

  • Compensation

    F

    33/100

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Allstate News and Updates

Driver assistance technologies disabled out of annoyance, Allstate Canada survey finds

As we enter the vacation season in Quebec, Allstate wants to emphasize the importance of correctly using these technologies when available on cars As we enter the vacation season in Quebec, Allstate wants to emphasize the importance of correctly using these technologies when available on cars

Citi downgrades Allstate, says inflation could lead to higher claims costs

Shares of Allstate have gained roughly 25% year to date, reclaiming their pre-pandemic levels and pushing to the company's market cap to $41 billion.

Allstate agrees to buy low-cost insurance carrier SafeAuto

Allstate Corp. said late Tuesday it has agreed to buy SafeAuto for about $300 million, including $270 million cash and about $30 million in pre-close dividends of some non-insurance assets. Privately held SafeAuto of Columbus, Ohio, provides state-minimum private-passenger auto insurance with cover…

Carl Icahn Reveals He Took a Stake in Allstate, and Shares Rise

Carl Icahn Reveals He Took a Stake in Allstate, and Shares Rise

MasTec, Allstate, & Lear: Stick With These 3 Long Ideas Post 1Q21 Earnings

After 1Q21 earnings, we still love these three Long Ideas that have excellent profit growth opportunities and attractive risk/reward.

As Quebecers Open Cottages, Allstate Reminds them of Water Safety

As cottage sales increase and people move to the countryside due to working from home and the pandemic, the Lifesaving Society reports that 84% of drownings last year occurred in natural bodies of water As cottage sales increase and people move to the countryside due to working from home and the pan…
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Allstate Frequently Asked Questions

  • When was Allstate founded?

    Allstate was founded in 1931.

  • Who are Allstate key executives?

    Allstate's key executives are Tom Wilson, Julie Parsons and John Dugenske.

  • How many employees does Allstate have?

    Allstate has 41,860 employees.

  • What is Allstate revenue?

    Latest Allstate annual revenue is $44.8 b.

  • What is Allstate revenue per employee?

    Latest Allstate revenue per employee is $1.1 m.

  • Who are Allstate competitors?

    Competitors of Allstate include USAA, GEICO and Berkshire Hathaway.

  • Where is Allstate headquarters?

    Allstate headquarters is located at 2775 Sanders Rd, Northbrook.

  • Where are Allstate offices?

    Allstate has offices in Northbrook, Naperville, San Francisco, Atlanta and in 23 other locations.

  • How many offices does Allstate have?

    Allstate has 27 offices.