The Allstate Corporation, commonly known as Allstate, is a large American insurance company that provides various insurance products and services. It was founded on April 17, 1931, as part of the Sears, Roebuck & Co. retail empire's expansion into the insurance business. The company was initially established to sell auto insurance through mail-order catalogs.
Allstate's primary business revolves around providing insurance coverage for auto, home, life, and other types of insurance policies. The company offers its services to individuals, families, and businesses across the United States. Over the years, Allstate has become well-known for its "You're in Good Hands" slogan, emphasizing its commitment to providing reliable insurance protection.
The company is publicly listed on the New York Stock Exchange (NYSE) under the ticker symbol "ALL." It is one of the largest publicly traded personal lines insurers in the United States. Allstate's financial performance and market capitalization often reflect broader trends in the insurance industry and the overall economy.
In addition to insurance, Allstate has expanded its offerings to include various financial services, such as retirement planning, investment products, and banking services. This diversification allows the company to cater to a wider range of financial needs for its customers.
Allstate's history is marked by its efforts to innovate in the insurance industry, including the use of technology for claims processing, customer service, and risk assessment. The company has also been involved in various philanthropic initiatives, particularly related to education and safety programs.