Allstate Corporation The
Also Known As: Allstate, All State, Allstate Insurance, Allstate Corporation
Health Insurance
Vault's Scoop
Uppers
- Vacation time increases with tenure at company
- Profit sharing
- Illness allowance
- On-site child development center
- Flexible work arrangements
- Free infant car seats
- Adoption reimbursement
- Tuition reimbursement
- Scholarships for employees' children
- Fortune 50 top in diversity;
Downers
- Inflexible corporate structure
ABOUT THIS COMPANY:
The “good hands” peopleAs the nation’s largest publicly held personal-lines insurer, Allstate insures more than 17 million households, selling auto, homeowners, life insurance and investment products, such as fixed and variable annuities in the United States and Canada. Other products offered include mutual funds and 529 college savings plans, which are available through the broker-dealer Allstate Financial Services, LLC. In addition, Allstate Workplace Division, a subsidiary of The Allstate Corporation, offers supplemental insurance products, such as disability, cancer, critical illness and accident insurance. The company has also launched a Web-based bank, Allstate Bank, which targets its parent company’s existing customers and offers checking and savings accounts, CDs, ATM/debit cards, residential mortgages, home equity loans and lines of credit. The company booked revenue of $29.4 billion in 2008, a 9-percent drop from the $36.7 billion it booked in 2007. Allstate booked net losses of $1.7 billion in 2008 versus its net gain of $4.6 billion in 2006.
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