Allstate

Allstate is a major U.S. property and casualty insurer, widely recognized for its auto and homeowners policies along with a range of personal protection products. The company is headquartered in Northbrook, Illinois, and is an independent, publicly traded company listed on the New York Stock Exchange under the ticker ALL.

Allstate traces its roots to 1931, when it was founded in Chicago as a subsidiary of Sears, Roebuck and Co. The brand grew steadily over the following decades, becoming a familiar name in households across the country. A key milestone came in the early 1990s: Allstate went public in 1993 and became fully independent from Sears in 1995. Since then, it has developed into one of the largest personal lines insurers in the United States, serving millions of customers with a broad mix of auto, home, and other insurance products.

Today, Allstate focuses primarily on personal property and casualty coverage, including auto and homeowners insurance, and also offers life, accident, and supplemental health-related products. The company earns revenue by underwriting policies, collecting premiums, and investing those funds while managing claims. Its business model blends a large local agency presence with growing digital and direct-to-consumer channels, giving customers multiple ways to access coverage and service.

As of December 2024, Allstate supports roughly 16 million households through more than 12,000 exclusive agencies and financial specialists across the United States and Canada. These local agencies are generally independently owned and operated businesses that carry the Allstate brand, rather than company-owned retail stores. In real estate terms, they function as thousands of small, professional offices positioned in everyday locations where people live and work, including suburban and urban corridors, neighborhood centers, and office settings with good visibility and access.

Over the past five years, Allstate has reshaped and expanded its distribution in meaningful ways. A major step was the 2021 acquisition of National General, which significantly broadened Allstate’s reach through independent agents and added scale in key personal lines markets. At the same time, the company has been refining its exclusive agency network, shifting to locations and formats that support strong agent productivity and convenient customer access. Allstate has also invested heavily in digital tools and direct online channels, creating a more integrated experience that connects local offices with self-service and virtual support.

From a footprint perspective, Allstate is actively focused on strengthening its presence in suburban and urban markets across the United States, with particular attention to high-growth Sun Belt regions. This strategy supports continued agency placements and relocations in markets with favorable population and economic trends. The result is a large, stable base of branded locations that are typically operated by long-term local business owners, backed by the financial strength and name recognition of a national insurer.

For landlords, brokers, and developers, Allstate’s model combines national credit quality with a distributed network of small-format offices. The brand’s long operating history, independent public ownership, and ongoing expansion of its agency and independent distribution give it a durable presence in many communities, and its continued focus on optimizing locations suggests ongoing demand for visible, accessible space in growth markets.