Allstate Corporation is a leading provider of insurance and financial services in the United States. The company's mission is to protect people from life's uncertainties and empower them to achieve their goals through comprehensive insurance solutions. Allstate's strategy focuses on leveraging technology and data analytics to enhance customer experience, streamline operations, and improve risk assessment. With a diverse portfolio that includes auto, home, and life insurance, as well as investment products, Allstate Corporation aims to deliver value to its policyholders while maintaining a strong commitment to community engagement and sustainability.

ALLSTATE CORP

Allstate has made a significant strategic retreat from the California insurance market, primarily due to escalating wildfire-related risks that pose potential costs between $35 billion and $45 billion. In a notable financial performance, Allstate reported a $2.1 billion profit in Q4 2024, marking a 34% increase compared to the previous...

Allstate Exits California Insurance Market Amid $1.1 Billion Wildfire Losses, Citing Climate-Driven Risks and Rising Costs