Allstate - M&A Summary and Business Overview

InsuranceCompany

Allstate M&A Summary

Allstate has acquired 16 companies, including 3 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 5 assets.

Allstate’s largest acquisition to date was in 2020, when it acquired National General Holdings for $4.0B. It’s largest disclosed sale occurred in 2021, when it sold Everlake Life Insurance to The Blackstone Group for $4.0B. Allstate has acquired in 8 different US states. The Company’s most targeted sectors include insurance (43%) and information technology (15%).

Allstate Business Overview

Where is Allstate headquartered?

Allstate is headquartered in Northbrook, Illinois.

What is Allstate’s revenue?

Allstate disclosed revenue of 52,370M USD for 2021 and 44,791M USD for 2020.

How many employees does Allstate have?

Allstate has 41,860 employees.

What sector is Allstate in?

Allstate is an insurance company.

When was Allstate founded?

Allstate was founded in 1931.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity14
    • M&A Sell Activity5
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 4

Allstate

The Allstate Corp.

2775 Sanders Road,
Northbrook, Illinois 60062
United States,
(847) 402-5000
www.allstate.com

Allstate is a US provider of insurance offerings, including property-liability insurance, auto/home, and life insurance. Allstate was formed in 1931 and is based in Northbrook, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 12 1 1 - - - 14
vol $3.1B $4.0B $300M $7.4B
Sell (0.4/yr) # 3 - 2 - - - 5
vol $600M $4.2B $4.8B
  19

Most Recent M&A

Company Date Value Type
Everlake Life Insurance 2021-11-01 4.0B USD Divestiture
Northbrook, Illinois · www.everlakelife.com
SafeAuto Insurance Group, Inc. 2021-06-01 300M USD Add-on Acquisition
Columbus, Ohio · www.safeauto.com
Allstate Life Insurance Company of New York 2021-03-29 220M USD Divestiture
Northbrook, Illinois
National General Holdings Corp. 2020-07-07 4.0B USD Add-on Acquisition
New York, New York · www.nationalgeneral.com
iCracked, Inc. 2019-02-12 - Add-on Acquisition
San Francisco, California · www.icracked.com
PlumChoice, Inc. 2018-12-18 - Add-on Acquisition
Lowell, Massachusetts · www.plumchoice.com
InfoArmor, Inc. 2018-08-27 525M USD Add-on Acquisition
Scottsdale, Arizona · www.infoarmor.com
SquareTrade, Inc. 2016-11-28 1.4B USD Add-on Acquisition
San Francisco, California · www.squaretrade.com
Sterling Collision Centers, Inc. 2014-04-14 - Divestiture
Tustin, California · www.sterlingcollisioncenter.com
Lincoln Benefit Life Company 2013-07-17 600M USD Divestiture
Lincoln, Nebraska
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 6 (43%) 5.5B (74%) 3 (60%) 4.8B (100%)
Information Technology 2 (14%) 525M (7%) - -
Software 2 (14%) 1.4B (19%) - -
Automotive 1 (7%) - 1 (20%) -
Business Services 1 (7%) - 1 (20%) -
Consumer Services 1 (7%) - - -
Internet Software and Services 1 (7%) - - -
Total 14 $7.4B 5 $4.8B

By Geo

State/Country Buy Value Sell Value
United States 14 7.4B 5 4.8B
  California 5 1.4B 1 -
  Illinois 3 1.2B 2 4.2B
  Ohio 1 300M - -
  New York 1 4.0B - -
  Massachusetts 1 - - -
  Florida 1 - - -
  Arizona 1 525M - -
  Nebraska - - 1 600M
Total 14 $7.4B 5 $4.8B

Top M&A Advisors

Financial Deals
Ardea Partners LLC
2
Lazard Ltd.
1
J.P. Morgan Securities
1
Legal Deals
Willkie Farr & Gallagher
3

Deal Values

buy # Total
> $1B 3 $6.6B
$100M to $1B 2 $825M
TOTAL $7.4B
Largest National General Holdings Corp.
$4.0B (2020-07-07)
sell # Total
> $1B 1 $4.0B
$100M to $1B 2 $820M
TOTAL $4.8B
Largest Everlake Life Insurance
$4.0B (2021-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
29%
4 (29%)
Strategic(s)
29%
4 (29%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

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