Allstate

Allstate Corporation is one of the largest publicly held personal lines property and casualty insurers in the United States. Founded in 1931 by Sears, Roebuck and Company as a mail-order auto insurer, Allstate became an independent publicly traded company in 1995 and has grown into a diversified protection services provider with annual revenue exceeding USD 64B in 2024.

Headquartered in Northbrook, Illinois, Allstate offers auto, home, life, and commercial insurance alongside an expanding portfolio of identity protection, vehicle service contracts, and embedded insurance products. The company is recognized by its iconic "You're in Good Hands" brand promise and distributes through a national network of exclusive agents, independent agents, and direct digital channels.

In 2024, Allstate demonstrated a strong operational recovery -- its recorded combined ratio fell to 90.1, generating USD 1.3B of underwriting income, compared to an underwriting loss of USD 803M in 2023. The company has been executing a "Transformative Growth" plan that emphasizes telematics-driven pricing, digital distribution, and AI-enhanced claims automation.