Allstate

This article is about the American insurance company. For other uses, see Allstate (disambiguation).

The Allstate Corporation
Company typePublic
IndustryInsurance
FoundedApril 17, 1931; 93 years ago (1931-04-17)[1]
HeadquartersNorthbrook, Illinois, U.S.
Key people
Thomas J. Wilson (chairman, president, and CEO)
Products
RevenueIncrease US$57.09 billion (2023)[2]
Negative increase −US$348 million (2023)[2]
Negative increase −US$213 million (2023)[2]
Total assetsIncrease US$103.4 billion (2023)[2]
Total equityIncrease US$17.77 billion (2023)[2]
Number of employees
c. 53,000 (2023)[2]
ParentSears (1931–1995)[3]
Subsidiaries
Websiteallstatecorporation.com
An Allstate agency in Moncton, New Brunswick, Canada
Allstate in Toronto

The Allstate Corporation is an American insurance company, headquartered in Glenview, Illinois (with a Northbrook, Illinois address) since 2022.[4] Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993, but was still partially owned by Sears until it became an independent company completely in June 1995.[3] The company also has personal line insurance operations in Canada.

Allstate is a large corporation, and with 2018 revenues of $39.8 billion, it ranked 79th in the 2019 Fortune 500 list of the largest United States corporations by total revenue.[5] Its long-running advertising campaign, in use since 1950, asks, "Are you in good hands?",[6][7] and the recognizable logo portrays a pair of human hands.

  1. ^ Cite error: The named reference searshist was invoked but never defined (see the help page).
  2. ^ a b c d e f "Allstate 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 21, 2024.
  3. ^ a b "Allstate Newsroom – History and Timeline Page". Allstate. 2010. Archived from the original on November 18, 2010. Retrieved February 17, 2011.
  4. ^ "Photos: Allstate's new, smaller headquarters in Glenview".
  5. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Archived from the original on January 15, 2019. Retrieved November 10, 2018.
  6. ^ "Allstate Refreshes Brand Tagline for Younger Audience". Archived from the original on December 10, 2017. Retrieved December 8, 2017.
  7. ^ "The Allstate Corporation – Company History". Funding Universe. Archived from the original on July 11, 2011. Retrieved February 23, 2011.