National General Holdings Corp.
2021
$4.0B
Why
Expand independent-agent distribution and add non-standard auto and other personal property and casualty products.
The Allstate Corporation
property-casualty insuranceFounded 1931- HQ today: Northbrook, Illinois
Reviewed by Swet Parvadiya
Company data updated: September 2026
Acquisitions
Allstate Acquisitions
4
Major Deals Covered
$6.9B
Disclosed Deal Value
What are Allstate's biggest acquisitions?
Allstate's largest disclosed acquisition here is National General Holdings Corp. for $4B in 2021. This page covers 4 major deals from 2011 to 2021, each with its price where disclosed and the reason behind it.
- Major deals covered
- 4
- Largest deal
- National General Holdings Corp. ($4B)
- First deal
- 2011
- Most recent
- 2021
| Company | Year | Price | Purpose |
|---|---|---|---|
| Esurance and Answer Financial | 2011 | $1.0B | Add a direct online auto insurance business and an online insurance agency alongside Allstate's agent channel. |
| SquareTrade | 2017 | $1.4B | Add consumer electronics and appliance protection plans sold through retailers. |
| InfoArmor | 2018 | $525.0M | Expand identity protection through employee voluntary benefit programs and Allstate Benefits distribution. |
| National General Holdings Corp. | 2021 | $4.0B | Expand independent-agent distribution and add non-standard auto and other personal property and casualty products. |
- What is Allstate's most recent acquisition?
- The most recent Allstate acquisition documented here is National General Holdings Corp., in 2021, for $4B.
InfoArmor
2018
$525M
Why
Expand identity protection through employee voluntary benefit programs and Allstate Benefits distribution.
SquareTrade
2017
$1.4B
Why
Add consumer electronics and appliance protection plans sold through retailers.
Esurance and Answer Financial
2011
$1.0B
Why
Add a direct online auto insurance business and an online insurance agency alongside Allstate's agent channel.
The Allstate Corporation's Growth & Acquisition Strategy
Allstate uses Transformative Growth to expand new business across exclusive-agent, independent-agent, and direct channels. National General provides the independent-agent platform, while Protection Services seeks wider distribution for protection plans, roadside assistance, dealer products, identity protection, and Arity analytics.
How The Allstate Corporation Makes Money
Allstate earns most of its revenue from insurance premiums, then invests funds held before claims are paid. In 2025, property and casualty premiums were $60.503 billion, accident and health premiums and contract charges were $946 million, other revenue was $2.955 billion, and net investment income was $3.449 billion. Allstate Protection distributes policies through exclusive agents, independent agents, contact centers, and online under the Allstate, National General, Direct Auto, and Answer Financial brands. Protection Services includes protection plans, roadside assistance, dealer services, identity protection, and Arity mobility analytics.
Allstate Acquisitions FAQ
What did Allstate pay for Esurance and Answer Financial?
Allstate closed the acquisition on October 7, 2011 for a $1 billion cash purchase price, subject to adjustment.
What did Allstate pay for SquareTrade?
Allstate agreed to acquire SquareTrade for approximately $1.4 billion in cash and completed the acquisition on January 3, 2017.
Why did Allstate acquire InfoArmor?
Allstate agreed to pay $525 million for InfoArmor in 2018 to expand identity protection through employee voluntary benefits.
Why did Allstate acquire National General?
Allstate paid approximately $4 billion to expand independent-agent distribution and increase its personal property and casualty market share.
What companies has Allstate bought?
Allstate notably acquired Esurance (which it later phased out) and spent $4 billion acquiring National General to massively expand its independent agency network.
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Explore Allstate
Core profile pages, founders and related research hubs for this company.