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Jan 4, 2021 · National Media Contacts. NORTHBROOK, Ill., Jan. 4, 2021 – The Allstate Corporation (NYSE: ALL) today announced that it closed its $4 billion acquisition of National General Holdings Corp. “The acquisition of National General advances our strategy of growing personal lines insurance with an increase of 1 percentage point in market share.
Jan 4, 2021 · Contacts. Allstate: Greg Burns Media Relations (847) 402-5600 Mark Nogal Investor Relations (847) 402-2800 National General Holdings Corp.: Jodi Swartz Media Relations (833) 684-0492 Cliff Gallant ...
- Allstate's $4 Billion Acquisition
- All About Growth
- Moving Into The Big Leagues
Like Allstate, National General is a property, auto, and life insurance company. National General has a much smaller insurance operation, but it is the second-largest U.S. lender-placed insurance provider and has one of the largest networks of independent agents to sell its products. Allstate will be acquiring 100% of National General in an all-cas...
Why is Allstate acquiring National General? It has a lot to do with National General's relationship with independent insurance agents. Today, Allstate primarily uses its own salesforce to distribute its product, but gaining better access to independent agents will help Allstate capture additional segments of the market where there are no current Al...
Allstate is already a fairly large insurance company, but adding National General will bolster this position. The deal will catapult Allstate to being a top-five independent agent insurance carrier, and should result in meaningful revenue and earnings growth. Despite the COVID-19 pandemic, Allstate is making interesting strategic moves that could b...
Jan 4, 2021 · Published. Jan 4, 2021 2:03pm EST. NORTHBROOK, Ill. -- (BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) today announced that it closed its $4 billion acquisition of National General Holdings ...
Jan 7, 2021 · by Will Jones. Earlier this week, Allstate announced that it closed its $4 billion acquisition of National General, a North Carolina-based property-casualty insurance group. The acquisition, which was announced in July last year, sees Allstate expand its personal lines market position. National General offers a range of insurance solutions ...
Jan 4, 2021 · Allstate Corp. completed the acquisition of National General Holdings Corp. Under the deal agreed upon in July 2020, Allstate paid $34.50 per share, or about $4 billion in cash, to acquire National General. The acquisition will help Allstate grow its personal lines insurance business, with an increase of 1 percentage point in market share ...
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Jul 8, 2020 · National General has gross annual written premiums of $5.6 billion and reported operating income of $319 million in 2019. About 60% of the company's premiums come from auto insurance policies.
