Allstate Corp, founded in 1931 and headquartered in Northfield Township, Illinois, is a leading provider of insurance and financial services aimed at protecting individuals and families. The company primarily offers a comprehensive range of insurance products, including auto, home, and life insurance, as well as investment products to help customers achieve their financial goals.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Allstate has been actively engaged in the bond market since its initial public offering in 1993, with significant bond issuances occurring to fund various corporate strategies and to manage its capital structure. Notably, in 2020, Allstate issued $1 billion in senior notes, which were well-received and contributed to strengthening its liquidity during the pandemic. As of October 2023, the company’s bonds typically yield around 80 basis points above comparable Treasury securities, offering competitive returns relative to the insurance industry while maintaining strong credit ratings.