Type Public
------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of employees 45,780 (as of December 31, 2019)
Parent Sears (1931–1995)
Subsidiaries Encompass Insurance Company Esurance SquareTrade Allstate Identity Protection (formerly InfoArmor, Inc.) Allstate India Allstate Northern Ireland National General Insurance
Website allstate.com
Who invented Allstate?
Sears, Roebuck
When was Allstate founded?
April 17, 1931
How did Allstate Insurance start?
Allstate was founded in 1931 as part of Sears, Roebuck & Co. Allstate became a publicly traded company in 1993 – which at that time was the largest initial public offering in the nation's history. In 1995, Allstate became an independent company after Sears divested its remaining shares to Sears' stockholders.
Allstate in January agreed in a separate transaction to sell Allstate Life Insurance Co., which holds the bulk of its life and annuity business, to Blackstone Group's Everlake US Holdings Company for $2.8 billion, according to a previous statement.Oct 3, 2021
What other companies does Allstate own?
Allstate offers a broad array of protection products through multiple brands and diverse distribution channels, including auto, home, life and other insurance offered through its Allstate, Esurance, Encompass, SquareTrade and Answer Financial brands.
What company did Allstate buy?
National General
How much does Allstate make a year?
In 2020, Allstate generated revenues of approximately 44.79 billion U.S. dollars. Their revenues have been trending upward since 2008 when their revenues amounted to 29.39 billion U.S. dollars.Jun 15, 2021
How much money do Allstate agency owners make?
Allstate Agency Owners earn $68,000 annually, or $33 per hour, which is equal to the national average for all Agency Owners at $68,000 annually and 3% higher than the national salary average for all working Americans.
Is Allstate commission based?
Company has a great work/life balance structure, but the pay is very low, and the leads are bad. ... The hourly pay isn't much, and the commission is very low.
How do Allstate agents make money?
You gain ongoing income through the renewals of each policy. You earn more than the initial commission of an insurance policy when you own an Allstate agency. You're also earning with the renewals that come from each customer.Jan 15, 2019
What countries is Allstate in?
Organization. Allstate Corporation owns and operates 19 companies around the United States, United Kingdom, Canada and India.