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8,440 [1] (2019) Parent. Allstate. National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina -based property and casualty insurance company. The company was founded in 1920. The company is the only insurance company in the United States to originate within the automotive industry.
Jul 14, 2020 · “Acquiring National General accelerates Allstate’s strategy to increase market share in personal property-liability and significantly expands our independent agent distribution,” said Tom Wilson, Chair, President and CEO. “The acquisition increases personal lines premiums by $4.0 billion and market share by over 1 percentage point to 10%.
Jan 4, 2021 · National Media Contacts Contacts, Allstate: Greg Burns Media Relations (847) 402-5600. Mark Nogal Investor Relations (847) 402-2800. Contacts, National General Holdings Corp.: Jodi Swartz Media Relations (833) 684-0492. Cliff Gallant Investor Relations (212) 380-9462. January 4, 2021
National General’s shareholders are also benefiting by unlocking the value created over the last decade.” Transaction Details. National General shareholders will receive $32.00 per share in cash from Allstate, plus closing dividends expected to be $2.50 per share, providing $34.50 in total value per share.
National General, an Allstate company, is one of the largest insurers in the United States. We're proud to have been helping people insure what matters most to them since 1920. Our insurance roots trace back to the early days of the automobile. Today, we provide personal and commercial auto insurance, homeowners, renters, recreational vehicle ...
Nov 1, 2016 · The company employs a direct to consumer omni-channel distribution strategy that includes 417 company store fronts, a mobile web platform, phone sales centers, kiosks, and affinity partners ...
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Jul 8, 2020 · • $32.00 per National General share in cash plus up to $2.50 per share in a pre-closing dividend • Multiple of 11.9x last twelve months earnings and 1.78x book value as of March 31, 2020 • Represents a 64% premium to closing stock price over the latest 30 trading days
