Submitted by: Submitted by TheScore14
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Category: Business and Industry
Date Submitted: 12/10/2014 06:52 PM
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