Allstate Life Insurance
As the nation's largest publicly held personal lines insurer, Allstate has a history that spans more than eight decades.
The company was originally founded in 1931 by Sears, Roebuck & Co. and exclusively offered automobile insurance for nearly the first two decades of its existence. In 1952, Allstate added personal liability insurance and has since expanded its services to include a variety of consumer and business insurance and financial products.
In addition, the company can lay claim to innovating services within the insurance and automotive industries. During the 1930s, Allstate became one of the first companies to use a more advanced rate classification method for determining premiums. It was also involved in the push toward mandatory seatbelts use in the 1960s and encouraged the use of air bags in later years.
In 1993, Allstate became a publicly traded company under the stock symbol ALL. In 1995, it became independent of parent company Sears. The company has 70,000 affiliated professionals, including 38,000 directly employed workers, who help provide service to 16 million households in the U.S. and Canada.
Today, Allstate provides the following policies and services among others:
· Auto insurance
· Homeowners insurance
· Life insurance
· Retirement and investment products
· Voluntary accident and health insurance
Allstate is headquartered in Northbrook, Illinois and has regional offices across the country.