Allstate Corp.

In addition to efforts to expand both homeowners and life products, the company has been leveraging its acquisition of SquareTrade, a warranty provider company, and its 2018 acquisition, InfoArmor, an identity theft monitoring system, as a way to better address the evolving needs of its consumers and diversify earnings. The stable outlook on Allstate Corp. reflects S&P Global Ratings' expectation that the company will balance its capital management initiatives with prudent risk-reward optimization to sustain very strong capitalization. We expect Allstate to maintain its excellent competitive position, given its strong brand recognition and prudent approach to underwriting, and to produce consistent earnings, which would support the ratings. We may lower our ratings over the next two years if the group

...Allstate Corp. is a market leader in personal lines but faces long-term headwinds from technology disruption.Allstate is one of the more recognized brands in the personal lines market--it's a top five player in both auto and homeowners. Like many of its peers that have a dominant presence in automobile liability, it faces potential disruptors that could cause significant uncertainty. (Allstate derives over 70% of its premiums from auto liability and has been working to diversify revenues.) Allstate has focused on staying ahead of the curve when it comes to these market disruptors via innovation and understanding its customer base's purchasing behaviors. Allstate has made a concerted effort to move vertically through the value chain and offer additional products to meet these needs as it aims to be a trusted adviser for its customers. In addition to efforts to expand both homeowners and life products, the company has been leveraging its acquisition of SquareTrade, a warranty provider company,...

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