Allstate Expands Personal Lines Market Position with Acquisition of National General - LeadCloud News
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Allstate Expands Personal Lines Market Position with Acquisition of National General
08 July 2020

Allstate Expands Personal Lines Market Position with Acquisition of National General

“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. “The acquisition increases personal lines premiums by $4.0 billion and market share by over 1 percentage point to 10%. National General’s business and technology platforms will be utilized to further strengthen Allstate’s existing independent agent businesses. The transaction will be accretive to adjusted net income earnings per share and return on equity beginning in the first year.”

Learn more here - https://www.businesswire.com/news/home/20200707005943/en/Allstate-Expands-Personal-Lines-Market-Position-Acquisition

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