Allstate Corp (NYSE: ALL)

The Allstate Corporation is a holding company that oversees Allstate Insurance Company and its subsidiaries. It operates as one of the largest publicly held personal lines insurers in the United States. The company provides private passenger auto homeowners and other personal lines insurance consumer product protection plans select commercial property and casualty coverages automotive protection and insurance products investment portfolio management roadside assistance identity protection and mobility intelligence services that use automotive telematics information.

The company generates revenue primarily from insurance premiums and contract charges earned through its underwriting activities. It also earns fees from protection plans roadside assistance dealer services identity protection and telematics enabled mobility insights. Investment income from its large investment portfolio contributes to overall revenue.

The company operates through the following segments: Allstate Protection Runoff Property Liability Protection Services and Corporate.

• Allstate Protection provides private passenger auto homeowners other personal lines and commercial insurance through exclusive agents independent agents contact centers and online under the Allstate National General Direct Auto and Answer Financial brands.

• Runoff Property Liability covers property and casualty insurance policies written from the 1960s through the mid 1980s and manages exposure to asbestos environmental and other claims in run off.

• Protection Services consists of Protection Plans Roadside Dealer Services Identity Protection and Arity which provide consumer product protection plans roadside assistance automotive protection and insurance products identity protection restoration and mobility intelligence services that use automotive telematics information.

• Corporate includes holding company activities and certain non insurance operations and expenses related to strategic initiatives.

The Allstate Corporation holds the third largest share of the personal property and casualty insurance market in the United States based on statutory direct premiums written. It competes in a highly competitive environment with other major insurers and differentiates itself through the Allstate brand its multi channel distribution network its focus on affordable simple and connected protection solutions and its investments in telematics and digital technology. The company’s strong investment portfolio and disciplined underwriting approach further support its competitive position.

The company serves individual consumers who buy private passenger auto homeowners renters and other personal lines insurance policies. It also works with retailers and mobile operators that offer protection plans auto dealerships that provide dealer services and financial institutions and employers that use identity protection and telematics services.