Sunday, May 19th 2019

ALL - Allstate

Allstate (NYSE: ALL) was launched in 1931 as part of the Sears, Roebuck & Co., which financed the venture with $700,000.

In 1993 the company went public with the largest IPO at that time in U.S. history. Two years later Sears sold the last shares it held in Allstate, making it completely independent for the first time in its corporate history.

Allstate sells most of the major insurance lines, including auto insurance, which the company was started upon, and home, life and commercial insurance. They also offer lines of financial products and banking services to its customers, along with retirement offerings.

Allstate is the second-largest of companies held publicly personal lines insurer in the world and the largest in the United States.

Important acquisitions include Retirement Bridge and Sterling Collision Centers Inc.

The company is based in Northbrook, Illinois.
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