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Allstate Group

Allstate was established in 1931 as part of Sears, Roebuck & Co., and became a publicly traded company in 1993. The initial public offering of Allstate at that time was the largest in U.S. history. On June 30, 1995, it became a totally independent company after Sears divested its remaining shares to Sears’s stockholders.
Allstate was founded in 1931 and became a publicly traded company in 1993. The Allstate Corporation is the nation’s biggest publicly held personal lines insurer. Allstate sells 13 major lines of insurance, including auto, property, life and commercial and also offers retirement and investment products and banking services. It’s a fortune 100 company, with $156 billion in assets.
The Allstate Corporation encompasses nearly 70,000 professionals. Of their employees, 29.4 percent are minorities; 58.9 percent are women. Allstate Insurance Company is taking a stand on behalf of its customers in their national advertising campaign. The campaign of Our Stand takes a strong stand for consumers’ interests by delivering a frank and simple message that highlights the many benefits of having insurance protection from Allstate.
Allstate has always had an excellent governance program. They provide insurance products to more than 17 million households. They insure one out of every nine autos and one out of every eight homes in the U.S., and are one of the country’s leading life insurers. Their obligation to strong principles and the highest ethical standards is significant to their ambition of driving continued shareholder value. Allstate has operations in 49 states and Canada. The company’s Encompassand Deerbrook brand insurance products are sold exclusively through independent agents.
As a company with a varied population of employees, agents and customers, Allstate embraces diversity in everything we do not only the customers we serve and the communities in which we invest, but also the people we hire and the businesses we use as suppliers. It’s a testament to the company’s corporate citizenship and a sound business strategy. In 2005 Allstate paid $21.2 billion in total Property-Liability insurance claims and claims expense. The Allstate Corporation, its employees and agents donated $9.5 million through the Giving Campaign to nonprofit organizations and currently holds $27 billion in municipal bonds, and more than $250 million in community investments.
The Company’s mission is to be the best in serving their customers by providing peace of mind and enriching their quality of life in the course of their partnership in the management of the risks they face.

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