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The acquisition cost a reported $1.4 billion from a group of shareholders. [23] In July 2020, Allstate announced it was acquiring National General for $4 billion. The deal closed in January 2021. [24] [25] In 2021 Allstate completed sale of its life insurance and annuity businesses. [26]
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Wilson serves as chairman of the U.S. Chamber of Commerce Foundation [9] and is a past chairman of the U.S. Chamber of Commerce board of directors. He is involved with numerous civic organizations including P33, [10] an initiative focused on accelerating Chicago's leadership in the digital economy; OneTen, [11] a corporate initiative to upskill, hire and promote one million people into family ...
In 1999, Illinois-based Allstate Insurance Company purchased the personal lines insurance business from CNA Financial when CNA moved toward commercial lines. Allstate then introduced the Encompass name to its subsidiary in 2000. Encompass distributes its products through 6,500 independent agency locations in 42 states. [3]
As such, Allstate has slashed more than half of its real estate, selling its Northbrook, Ill., headquarters in 2022. Some 99% of its 54,000 employees work either remotely or hybrid near one of its ...