NATIONAL GENERAL

Allstate Closes Acquisition of National General Holdings Corp.

Retrieved on: 
Monday, January 4, 2021
Insurance, Professional services, Sears Holdings, Cars, Insurance companies, Allstate, Motor vehicles, New York Stock Exchange, Allstate, National General

The Allstate Corporation (NYSE: ALL ) today announced that it closed its $4 billion acquisition of National General Holdings Corp.

Key Points: 
  • 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.
  • National Generals accident and health business will also further expand Allstates circle of protection, said Tom Wilson, chair, president and CEO of The Allstate Corporation.
  • Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace.

Allstate Expands Personal Lines Market Position with Acquisition of National General

Retrieved on: 
Wednesday, July 8, 2020
Insurance, Professional services, Economy, Types of insurance, Finance, Money, Insurance, Insurance industry, Vehicle insurance, Allstate, National General

Acquiring National General accelerates Allstates strategy to increase market share in personal property-liability and significantly expands our independent agent distribution, said Tom Wilson, Chair, President and CEO.

Key Points: 
  • Acquiring National General accelerates Allstates strategy to increase market share in personal property-liability and significantly expands our independent agent distribution, said Tom Wilson, Chair, President and CEO.
  • The acquisition increases personal lines premiums by $4.0 billion and market share by over 1 percentage point to 10%.
  • National General provides a wide range of property-liability products through independent agents with a significant presence in non-standard auto insurance.
  • In connection with the transaction, National General intends to file relevant materials with the SEC, including National Generals proxy statement on Schedule 14A.