The Allstate Corporation
Stock Symbol: ALL
The Allstate Corporation Industry:
Insurance (Prop. & Casualty)
The Allstate Corporation Description:
Allstate helps protect families, cars, homes and businesses. We insure one of every eight autos and homes in the U.S. and we’re one of the leading life insurers. The Allstate family of companies is also expanding its services to offer a wide range of financial and banking services, from savings and checking accounts to retirement planning.
The Allstate Corporation Financial Summary:
For the nine months ended 30 September 2005 Allstate Corporation's, revenues increased 6% to $26.44B. Net income decreased 65% to $724M. Revenues reflect increased revenue from investment income, realised capital gains and insurance premium. Net income suffered from an increase in insurance claims & claims expenses, higher operating costs, an increase in restructuring & related charges and higher interest expenses.
The Allstate Corporation Business Summary:
Allstate Corporation serves as the holding company for Allstate Insurance Company. Its business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates (collectively, including Allstate Corporation, Allstate). Allstate is engaged in the personal property and casualty insurance business and the life insurance, retirement and investment products business. It conducts its business primarily in the United States. Allstate provides insurance products to more than 16 million households and has approximately 13,600 exclusive agencies and exclusive financial specialists in the United States and Canada. Allstate has four business segments: Allstate Protection, Allstate Financial, Discontinued Lines and Coverages, and Corporate and Other.