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Jan 4, 2021 · 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.
- Allstate Expands Personal Lines Market Position with ...
“Acquiring National General accelerates Allstate’s strategy...
- Allstate Expands Personal Lines Market Position with ...
Jan 4, 2021 · NORTHBROOK, Ill.-- (BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced that it closed its $4 billion acquisition of National General Holdings Corp. “ The acquisition of...
- 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 · NORTHBROOK, Ill. -- (BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) today announced that it closed its $4 billion acquisition of National General Holdings Corp. “The acquisition of...
Jul 8, 2020 · USA TODAY. Allstate is acquiring property liability insurer National General for about $4 billion. Northbrook, Illinois-based Allstate said the deal would boost its profitability and market...
- Business Reporter
Jul 8, 2020 · U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has...
“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.
