The Defendant - Allstate Corporation

The Allstate Corporation (NYSE: ALL) is a holding company which owns several insurance companies, including Allstate Insurance Company. Through its subsidiaries, Allstate is the nation’s largest publicly held personal lines insurer, providing insurance products to more than 14 million households. Allstate currently has approximately 13,000 exclusive agents in the U.S. and Canada.

Founded in 1931 as part of Sears, Roebuck & Co., Allstate, based in Northbrook, Illinois, became a publicly traded company in 1993. At the time, its initial public offering was the largest in U.S. history. On June 30, 1995, it became a totally independent company after Sears divested its remaining shares to Sears stockholders.

As of the end of 2000, Allstate had assets of about $105 billion. During that year, its revenues exceeded $29 billion and its net income was about $2.2 billion.

More information on Allstate can be obtained by visiting the company's website at www.allstate.com , from which the above information has been derived.

 

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