Allstate Insurance

Lines of Insurance:
Auto, Health, Life, Homeowners

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY

Type of Insurance Company: Stock

Name of Parent Company:
Allstate Insurance Group

Insurance subsidiaries:
Allstate Insurance Company
Allstate Indemnity Company
Allstate Life Insurance Company
Northbrooke Life and Annuity Company
Lincoln Benefit Life Company
Glenbrook Life and Annuity 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’ Shareholders. Additional shares were later sold to the public.

Allstate is the second largest U.S. personal lines property and casualty insurer (ranked by earned premiums) and the 13th largest life insurer (based on life insurance in force). 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. Its business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates. Allstate is primarily engaged in the personal property and casualty insurance business and the life insurance, retirement and investment products business. It conducts its business primarily in the United States and Canada. The Allstate Corporation is the largest publicly held personal lines insurer in the United States. Allstate provides insurance products to more than 17 million households through a distribution network that utilizes a total of approximately 14,800 exclusive agencies and exclusive financial specialists in the United States and Canada. Allstate has a multiple channel alternative distribution system utilizing financial institutions (banks), independent agents, brokers, broker-dealers, the internet and telephone sales. The primary business of Allstate is private passenger automobile insurance and homeowner’s insurance in the U.S. It ranks second in both of these businesses with about 11% or 12% market share respectively (State Farm is first at 18% and 22%). In 2006, standard auto insurance policies accounted for about 61% of Allstate’s premium, non-standard auto for 5%, homeowner’s coverages for 24% and other lines for the remaining 10%. For Allstate’s auto and homeowner’s insurance business, the states which accounted for the most 2006 premium are California (10.9%), New York (10.1%), Texas (9.7%), Florida (9.4%) and Pennsylvania (5.2%).

Allstate Financial, previously known as Allstate Life, offers life insurance, annuities, savings and investment products as well as pension products through agents and alternative distribution channels.

Allstate’s range of products also includes:
Asset Protection products such as auto, homeowner’s, condominium, renters, scheduled personal property, business umbrella, commercial auto, commercial inland marine, small business owner, customizer and business package policy, landlord package, manufactured home, motor home, motorcycle, boat, personal umbrella, recreational vehicle, and motor club and federal flood coverage. Estate planning products such as business succession planning products, fixed survivorship life, and variable survivorship life are offered as are Family protection coverages such as, term life, universal life, variable universal life, long-term care and supplemental health insurance. Asset Management and Accumulation products include fixed annuities, variable annuities, equity indexed annuities, single premium immediate annuities, universal life, variable universal life, single premium 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 Asset Management Products offered by Allstate include checking accounts, savings accounts, certificates of deposit, money market accounts and mortgages.

Principal Methods: Allstate sells insurance through career agents and independent insurance agents, the Internet, direct call centers and through exploiting its service operations to sell more policies to existing customers. The company focuses on developing and maintaining “high value lifetime” customers. Allstate has good brand awareness with the advertising theme the “Good Hands” company.

Allstate provides insurance products to more than 17 million households through a distribution network that utilizes a total of approximately 14,800 exclusive agencies and exclusive financial specialists in the United States and Canada. Allstate has a multiple channel alternative distribution system utilizing financial institutions (banks), independent agents, brokers, broker-dealers, the internet and telephone sales. The primary business of Allstate is private passenger automobile insurance and homeowner’s insurance in the U.S. It ranks second in both of these businesses with about 11% or 12% market share respectively (State Farm is first at 18% and 22%). In 2006, standard auto insurance policies accounted for about 61% of Allstate’s premium, non-standard auto for 5%, homeowner’s coverages for 24% and other lines for the remaining 10%. For Allstate’s auto and homeowner’s insurance business, the states which accounted for the most 2006 premium are California (10.9%), New York (10.1%), Texas (9.7%), Florida (9.4%) and Pennsylvania (5.2%).

Life Annuity Business: Allstate is a top 25 writer of life insurance policies in the U.S.

Allstate Financial, previously known as Allstate Life, offers life insurance, annuities, savings and investment products as well as pension products through agents and alternative distribution channels.

Auto Business: Allstate is the 2nd largest automobile insurance comopany in the United States. Automobile insurance represents approximately 70% of Allstates business.

Homeowners Business: Allstate is the 2nd largest Homeowner Insurance company in the United States. Homeowner Insurance policies represent approximately 25% of Allstates business.

Health Business: Allstate is a top 25 writer of health insurance policies 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 years, (except for a B+ for its Allstate Floridian Insurance Company Subsidiary). The Group gets high marks on a number of levels. it is deemed generally conservative in its policies, with a good investment strategy, efficient in its operations and technology, good in underwriting and good in its selling efforts.

Company Financial Status:
Ticker Symbol: ALL
Assets & Premiums: Allstate Insurance Group is primarily a national insurance company specializing in automobile and homeowner insurance. It also sells life insurance, annuities and personal financial products. It has a subsidiary that provides banking services.

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