Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co., Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.
The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage. In addition to standard personal lines, Allstate offers renters, condominium, motorcycle and recreational vehicle insurance, as well as commercial policies for small businesses. Through its life and retirement operations, the company provides life insurance, annuities and retirement solutions. Products are distributed through a combination of local exclusive and independent agents as well as direct and digital channels.
Allstate has long emphasized claims handling, risk management and catastrophe response capabilities as core parts of its operating model. The firm’s strategy includes investing in technology and analytics to improve underwriting, pricing and customer service. Thomas J. Wilson has served as chief executive officer since 2007 and as chairman since 2010, guiding the company through product diversification and distribution development. The company’s operations are primarily focused on the U.S. market and serve a broad retail and small commercial customer base.