Is Allstate moving its headquarters?

Allstate headquarters in Northbrook, Illinois.

Who bought Allstate headquarters?

The Allstate Corp. said it’s selling its corporate headquarters in Northbrook to Dermody Properties of Reno, Nevada, for approximately $232 million. The insurance giant (NYSE: ALL) announced last month it would sell the headquarters because more employees were working remotely because of Covid-19.

Is Allstate in financial trouble?

Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto claim frequency and severity increased. Adjusted net income for Q4 was $796 million compared to about $1.6 billion during the last three months of 2020.Feb 3, 2022

How do talk to a human at Allstate?

Call 800-669-2214.

Why is Allstate laying off employees?

The layoff is a result of a broader strategic plan to shift focus to a direct sales model that minimizes cost and maximizes revenue. A shift of focus this drastic is not unprecedented though. Nationwide shifted from a captive to an independent carrier very recently.

Is Allstate moving out of Illinois?

Allstate Corp., the insurance behemoth, is selling the suburban Chicago headquarters it’s occupied since 1967 as more employees work from home. “Allstate’s employees have more choice about where they work and many are choosing to work from home,” Allstate spokeswoman Tammy Kotula told the Chicago Business Journal.

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