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Category: Business and Industry
Date Submitted: 11/03/2010 06:03 PM
The Allstate Corporation (Allstate or ‘the company’) is one of the leading property and casualty
insurance groups in the US. The company provides commercial property and casualty insurance,
personal lines and specialty lines of insurance. Allstate is headquartered in Northbrook, Illinois and
employs 36,000 people.
The company recorded revenues of $32,013 million in the financial year (FY) ended December 2009,
an increase of 8.9% over FY2008.The operating profit of the company was $1,248 million in FY2009,
compared to an operating loss of $3,025 million in FY2008.The net profit was $854 million in FY2009,
compared to a net loss of $1,679 million in FY2008.
KEY FACTS
Head Office Allstate Corporation
Allstate Plaza
2775 Sanders Road
Northbrook
Illinois 60062
USA
Phone 1 847 402 5000
Fax 1 847 326 7519
Web Address http://www.allstate.com
Revenue / turnover 32,013.0
(USD Mn)
Financial Year End December
Employees 36,000
New York Ticker ALL
Allstate Corporation Page 4
© Datamonitor
Allstate Corporation
Company Overview
SWOT ANALYSIS
Allstate is engaged in the personal property and casualty insurance, life insurance, and retirement
and investment products business. It is the largest publicly held personal lines insurance company
in US.The company's diversified product portfolio protects it against demand fluctuations for certain
offerings, and helps it compete against players in regional markets. However, natural disasters and
increasing competition could adversely affect the company's profit margins.
Strengths Weaknesses
Exposure to mortgage backed securities
reduces profitability
Strong market position in the property and
casualty business
Decreasing premiums and new business
affects the company’s profitability
Stable credit ratings enhances the liquidity
and financing position
Diversified product portfolio and multi
distribution channels increases brand loyalty
and customer retention
Opportunities Threats
Insurance frauds...