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Corporation
FINANCIAL | Insurance
allstate.com

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Investments

5

Portfolio Exits

5

Partners & Customers

10

Service Providers

1

About Allstate Insurance Company

Allstate Insurance Company (NYSE: ALL), through its insurance companies, subsidiaries, and brokers/dealers, offers property and casualty insurance, life insurance, and registered securities.

Allstate Insurance Company Headquarter Location

2775 Sanders Road

Northbrook, Illinois, 60062,

United States

847-402-5000

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Expert Collections containing Allstate Insurance Company

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Allstate Insurance Company in 3 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

C

CES 2018 Exhibitors

760 items

Companies that will be exhibiting at CES 2018

C

Conference Exhibitors

5,302 items

Allstate Insurance Company Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Allstate Insurance Company Rank

Latest Allstate Insurance Company News

The Worldwide Usage-Based Insurance Market for ICE & Electric Vehicles is Expected to Reach $66.8 Billion by 2026 at a CAGR of 27.7% from 2021

Jun 23, 2021

The usage-based insurance market is projected to reach USD 66.8 billion by 2026 from an estimated USD 19.6 billion in 2021, at a CAGR of 27.7% during the forecast period. All major players such as UnipolSai Assicurazioni S.p.A, Progressive Casualty Insurance Company, Allstate Insurance Company, State Farm Automobile Mutual Insurance Company, Liberty Mutual Insurance Company, and other UBI technologies providers are developing solutions and technologies that can accurately analyze vehicle data and driver behavior. The companies aim to improve their UBI offerings by accurate determination of premiums. The increasing adoption of telematics and advancements in safety technology have helped reduce claims. The European Union has mandated e-assistance systems in case of an accident. The eCall system, mandatory for all new EU vehicles since March 2018, speeds up emergency-response times by 40-50%. Also, Russia mandated a similar system for new cars at the end of 2017, while Mexico has mandated radio-frequency-identification (RFID) tags to bolster vehicle-antitheft systems. Many other countries, including China, Germany, Singapore, and South Africa, have voluntary systems that provide UBI incentives. However, the ambiguity over regulations and legislation and the lack of standardized systems can hinder market growth. According to OICA, the sales of passenger car sales dropped from 63.7 million in 2019 to 53.6 million in 2020, witnessing a decline of 15.9% due to the pandemic. However, the decline in sales statistics did not impact the usage-based insurance market at all. For instance, according to Insurance Information Institute (III) and other secondary sources (insurancenewnet.com, blogs, articles, etc. ), UBI got a boost during the COVID-19 pandemic. People were comfortable with having their insurance premiums based on the number of miles driven. Thus, in the coming years, the UBI market is likely to get a significant boost. PAYD segment is expected to be the largest market by package type Pay-As-You-Drive (PAYD) is estimated to be the largest segment during the forecast period. The key advantages of PAYD are ease of deployment, no complex algorithms for working, and cost-effectiveness for the insurer as well as consumers. Secondly, PAYD insurance encourages consumers to drive less and drive green. This reduces vehicle emissions and contributes to the worldwide efforts for environmental betterment. As people drive less, the accidental risks associated with drivers reduce. Additionally, PHYD and MHYD gather multiple data points about driver behavior, which the driver may not be comfortable sharing. This makes PAYD the preferred choice. In addition, PHYD and MHYD record rash driving or speeding that attract higher premiums. Hence, many users stick to PAYD insurance plans. Old Vehicle segment is expected to grow at the highest CAGR The old vehicle segment is estimated to be the fastest-growing market during the forecast period. Initially, the adoption of usage-based insurance is likely to be less in on-road vehicles. As the penetration of UBI is expected to increase in new vehicles, the UBI market for on-road vehicles will also increase at a rapid pace. The major countries that are expected high penetration of UBI are the US, Italy, Germany, UK, and China. The UBI penetration in vehicle parc is expected to increase with a double growth rate in these countries. The Asia Pacific market is expected to register the highest growth during the forecast period The Asia Pacific usage-based insurance market is estimated to be the fastest-growing regional market. The growing adoption of IoT and telematics in China, Japan, South Korea, and India is expected to drive market growth in the region. Several companies plan to integrate telematics and IoT-enabled navigation in new vehicles to reduce carbon emissions and offer real-time emission data. For instance, Maruti Suzuki launched Suzuki Connect, 'an advanced telematics solution for its customers in India. Similarly, the Ministry of Industry and Information Technology and the Standardization Administration of China together issued the Guidelines for Developing the Standards System of the Telematics Industry (Intelligent and Connected Vehicles). Such initiatives would boost the growth of vehicle telematics, which in turn would drive the growth of the usage-based insurance market during the forecast period. Key Topics Covered:

Allstate Insurance Company Investments

5 Investments

Allstate Insurance Company has made 5 investments. Their latest investment was in Stride Health as part of their Series C on October 10, 2021.

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Allstate Insurance Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/26/2021

Series C

Stride Health

$47M

Yes

3

5/30/2018

Series D

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$99M

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10

12/13/2001

Unattributed VC

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$99M

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10

6/22/1998

Unattributed VC - III

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$99M

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10

3/16/1998

Series C

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$99M

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10

Date

10/26/2021

5/30/2018

12/13/2001

6/22/1998

3/16/1998

Round

Series C

Series D

Unattributed VC

Unattributed VC - III

Series C

Company

Stride Health

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Amount

$47M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Allstate Insurance Company Portfolio Exits

5 Portfolio Exits

Allstate Insurance Company has 5 portfolio exits. Their latest portfolio exit was Allstate Insurance Company - Allstate Life Insurance Co. on January 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/26/2021

Divestiture

$991

1

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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10

Date

1/26/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

$991

Acquirer

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Sources

1

10

10

10

10

Allstate Insurance Company Acquisitions

9 Acquisitions

Allstate Insurance Company acquired 9 companies. Their latest acquisition was SafeAuto Insurance on June 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/2/2021

Unattributed - II

$991

$3.17M

Acquired

5

1/4/2021

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$991

$99M

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10

8/27/2018

Growth Equity

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$991

$99M

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10

11/29/2016

Growth Equity

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$991

$99M

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10

11/14/2016

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$99M

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10

Date

6/2/2021

1/4/2021

8/27/2018

11/29/2016

11/14/2016

Investment Stage

Unattributed - II

Growth Equity

Growth Equity

Companies

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Valuation

$991

$991

$991

$991

Total Funding

$3.17M

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

5

10

10

10

10

Allstate Insurance Company Partners & Customers

10 Partners and customers

Allstate Insurance Company has 10 strategic partners and customers. Allstate Insurance Company recently partnered with HomeX on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/26/2021

Partner

HomeX

United States

1

5/4/2021

Supplier

Willful

Canada

Willful signs partnership with insurance giant Allstate following launch in Québec

Prior to this partnership , Willful has engaged with financial institutions and insurance companies in what Bury described as `` co-marketing partnerships , '' which involved written content and discounts .

2

3/30/2021

Licensor

Synchronoss Technologies

United States

Synchronoss Personal Cloud Solution Selected for Integration into Allstate Protection Plans Consumer Device Protection Offering

, a global leader and innovator of cloud , messaging and digital solutions , today announced that Allstate Protection Plans has selected the Synchronoss Personal Cloud solution for integration into select device protection plan offerings .

4

3/3/2020

Partner

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10

11/5/2019

Partner

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10

Date

7/26/2021

5/4/2021

3/30/2021

3/3/2020

11/5/2019

Type

Partner

Supplier

Licensor

Partner

Partner

Business Partner

HomeX

Willful

Synchronoss Technologies

Country

United States

Canada

United States

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News Snippet

Willful signs partnership with insurance giant Allstate following launch in Québec

Prior to this partnership , Willful has engaged with financial institutions and insurance companies in what Bury described as `` co-marketing partnerships , '' which involved written content and discounts .

Synchronoss Personal Cloud Solution Selected for Integration into Allstate Protection Plans Consumer Device Protection Offering

, a global leader and innovator of cloud , messaging and digital solutions , today announced that Allstate Protection Plans has selected the Synchronoss Personal Cloud solution for integration into select device protection plan offerings .

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Sources

1

2

4

10

10

Allstate Insurance Company Service Providers

1 Service Provider

Allstate Insurance Company has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Allstate Insurance Company Team

21 Team Members

Allstate Insurance Company has 21 team members, including current Chief Executive Officer, President, Thomas J Wilson.

Name

Work History

Title

Status

Thomas J Wilson

Chief Executive Officer, President

Current

Tom Wilson

Chief Executive Officer

Current

Gary Hallgren

President

Current

Steven E Shebik

Chief Financial Officer

Current

Eric A Simonson

Senior Vice President

Current

Name

Thomas J Wilson

Tom Wilson

Gary Hallgren

Steven E Shebik

Eric A Simonson

Work History

Title

Chief Executive Officer, President

Chief Executive Officer

President

Chief Financial Officer

Senior Vice President

Status

Current

Current

Current

Current

Current

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