Allstate

Allstate Analysis

Phillip F. Hunt

Grand View University

Product Line

Allstate product line in general is insurance. More specifically they sell business insurance, consumer household insurance, life insurance, retirement and investment products etc. Allstate also has services such as dealer services, roadside services.

Financials

According to CNN fortune 500 magazine online in 2011 Allstate revenue can in around 23,567,000   and profits around 788 million. Allstate has assets the amount to 125,563 million. Allstate ranks fourth among its competitors such as Liberty Mutual, AIG, and Berkshire Hathaway. Allstate’s leading competitor Berkshire Hathaway brought in 143,688 million in revenues in 2011.

Industry Analysis

Allstate is in the financial sector of the property and casual industry. According to yahoo finance the insurance market cap is down at the moment. The industry’s price performance is for the most part doing well at the moment with United Insurance leading up 5.36% the way and 21st Century bringing in the rear down -9.40%.

Allstate News

According to yahoo financial Allstate plans to grow Florida agency force mostly in the north and central part of Florida. With this growth Allstate plans to create many more jobs.   Each new agency opening also means multiple job opportunities for people to staff the agency and service customers, meaning Allstate's 2012 agency strategy should create approximately 100 new jobs in Florida. 

Resources

Yahoo Financial May 14th 2012 “Allstate announces to plans to grow Florida agency force” Retrieved from http://finance.yahoo.com/news/allstate-announces-plans-grow-florida-180000848.html

CNN Money Fortune 500 Retrieved from http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/10384.html

Allstate.com website