allstate is part of what parent company
Two new subsidiaries, Allstate Insurance Company of Canada and Allstate Life Insurance Company of Canada, were formed the following year. In 1966, the Judson B. Branch Research Center (later renamed the Allstate Research and Planning Center) was opened in Menlo Park, California. The Allstate Corporation is the second largest personal lines insurer in the United States (behind State Farm) and the largest that is publicly held. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993. The company has had its headquarters in Northfield Township, Illinois, near Northbrook since 1967. Welcome to ASPL. (Allstate Solutions Private Limited) ASPL is a part of Allstate, the largest publicly held personal lines property and casualty insurer in the United States. Nearly sixteen million households depend on Allstate to insure what they have today and better prepare for tomorrow. The Property serves as the sole office location for Allstate in the Denver metro area and serves as a regional office with managers overseeing local agents and sales persons. The Property houses both Allstate’s traditional brick and mortar based business as well as the Company’s internet based subsidiary, esurance. The Property is leased in its entirety to Allstate Insurance Company (“Tenant”) (S&P: AA-) which is the primary operating subsidiary of Allstate Corporation (NYSE: ALL) (S&P: A-). The Tenant executed a new 11-year lease which commenced in November 2015 and has a current lease expiration in November 2026. Through a subsidiary, Allstate Life Insurance Company, life insurance became part of the company’s package in 1957 as well. In 1958, personal health and commercial liability insurance were added to the Allstate line. By the end of the decade, boat owners, group life, and group health insurance were all being offered. Allstate Insurance Company | Regional Office Building. Property Description. The building is a three-story, Class “A” office facility located in Lone Tree, Colorado that is situated on 4.77 acres and encompasses 70,273 square feet of net rentable area (the “Property”). Encompass Insurance Company. Encompass Insurance is a subsidiary of Allstate Corporation and is one of the largest personal property and casualty insurance brands sold exclusively through a network of more than 2,400 independent agents. The company that would become Encompass was founded in 1897 and officially became the Encompass Insurance Company in the 1990s. Encompass Insurance Company of New Jersey and Encompass Property and Casualty Insurance Company of New Jersey share the A.M. Best rating of A-, same as their parent company Allstate New Jersey Insurance Company, as of December 2015. The Allstate Corporation. U.S.A. The Allstate Corporation is the holding company for Allstate Insurance Company, the second largest property and casualty insurance company by premiums in the United States. Allstate controls about 12 percent of the U.S. home and auto insurance market, second only to State Farm Insurance Companies.
Sears, Roebuck and Co.