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Allstate is a provider of auto, home, life, and business insurance.
One fall morning in 1930 on a commuter train headed for downtown Chicago, a
suggestion was made to Sears, Roebuck & Co. President and Board Chairman
General Robert E. Wood that Sears should start an auto insurance company and
sell insurance by mail. The next year, Allstate was born. Allstate was founded
in 1931 as part of Sears, Roebuck & Co. and became a publicly traded company
in 1993. When it was established its initial public offering was the largest
in U.S. history. Allstate became a totally independent company on June 30, 1995.
Allstate, based in Northbrook, Illinois, is one of the nation's leading insurers
in urban areas and has supported auto and highway safety reforms, including
seat belts, air bags, and teen driver education. The Allstate Corporation is
the nation's largest publicly held personal lines insurer and is widely known
through the "You're In Good Hands With Allstate" slogan. Allstate
provides insurance products to more than 16 million households. Allstate Financial
includes the businesses that provide life insurance, annuity, retirement, banking,
and investment products through Allstate agents, independent agents, worksite,
financial institutions, and broker-dealers.
