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COMPANY BENCHMARKING • UNITED STATES

Allstate Corp - Company Profile

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Allstate Corp - Overview

Brands
Allstate, Answer Financial, Encompass, Esurance, National General
Description
Allstate is a public company headquartered in Illinois with an estimated 54,700 employees. In the US, the company has a notable market share in at least six industries: Property, Casualty and Direct Insurance, Automobile Insurance, Homeowners' Insurance, Renters' Insurance, Business Insurance, Identity Theft Insurance and Property, Casualty and Direct Insurance. Their largest market share is in the Renters' Insurance industry, where they account for an estimated 19.9% of total industry revenue and are considered a Rising Star because they display lower market share, but displaying stronger profit and revenue growth than some of their peers.
Company Details

Registered Name: Allstate Corp

Company Type: Operating

Exchange: NYSE

Headquarters: 2775 Sanders Road Northbrook IL 60062-7127

Website: https://www.allstate.com/

Employees: 54700

Allstate Corp - Operating Industries and Main Competitors

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Allstate Corp - Products and Services

  • Property, Casualty and Direct Insurance in the US

  • Of the 8 core revenue-generating products and services in the Property, Casualty and Direct Insurance in the US industry, Allstate Corp offers:
    • Commercial auto
    • Commercial multiple peril
    • Fire
    • AAAAA AAAAA
  • Automobile Insurance in the US

  • Of the 5 core revenue-generating products and services in the Automobile Insurance in the US industry, Allstate Corp offers:
    • Commercial liability insurance
    • Investment income
    • Personal collision/comprehensive insurance
    • AAAAA AAAAA
  • Business Insurance in the US

  • Of the 4 core revenue-generating products and services in the Business Insurance in the US industry, Allstate Corp offers:
    • Commercial automobile coverage
    • Commercial multiple peril coverage
    • General and professional liability coverage
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Allstate Corp - Analyst Insights

Allstate keeps up with lower-priced competition by offering product deals

Allstate Corporation (Allstate) has focused on maintaining its market share by bundling insurance offerings. This strategy is designed to counteract the increasing competition from low-priced carriers, such as GEICO and the Progressive Corporation. The bundling of products is designed to position Allstate as a one-stop provider of insurance products, fostering customer loyalty and improving retention rates. The market for voluntary benefits is growing as employees are looking to fill gaps in medical costs in their employer insurance, leading to higher demand for Allstate’s bundling and flexible enrollment solutions.

Competition|New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Allstate Corp - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Allstate Corp's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Property, Casualty and Direct Insurance in the US, Automobile Insurance in the US, and Business Insurance in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Allstate Corp - Financial Statements & Ratios

pie_chartAllstate Corp Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue50,588.041,909.041,541.039,815.039,407.037,399.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartAllstate Corp Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and EquivalentsN/AN/AN/AN/AN/AN/A
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartAllstate Corp Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income1,566.05,576.04,847.0N/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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