Allstate

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Campaign to Fix the Debt
Company Profile
Company Name Allstate Corporation
CEO Name Thomas Wilson
CEO Compensation $11,179,816
CEO Retirement Assets $6,507,775
Underfunded Company Pension -$1,156,000,000
Annual Company Revenue $32,654,000,000
Federal Lobbying/Political Donations ('09-'12*) $13,030,000
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

Allstate (The Allstate Corporation) sells auto, homeowners, and life insurance in the U.S. and Canada. It is the number two personal insurance company in the U.S. after State Farm. Subsidiaries are Allstate Life, American Heritage Life, and Lincoln Benefit Life. It also has investment products for middle-income and affluent customers. It provides emergency road service and recently launched Allstate Bank.[1]

In 2011, Allstate had revenues of $33,000,000,000.[2]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem."

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.


Personnel

Executives

Key executives and 2011 pay: [3]          Options
exercised
Thomas J. Wilson, II, Chief Executive Officer    $3,420,000    $0
Judith Pepple Greffin, Executive VP and Chief Investment Officer    $1,360,000    $0
Don Civgin, Chief Financial Officer    $1,400,000    $0
Matthew E. Winter, President of Allstate Auto, Home and Agencies    $1,700,000    $0
Suren Gupta, Executive VP of Technology & Operations    $1,250,000    $0

Board of Directors

As of January 2013[4]


Former board members include: [5]

Political contributions

Allstate gave $195,300 to federal candidates in the 2006 election through its political action committee - 31% to Democrats, 67% to Republicans, and %2 ($3,000) to independent Joseph Lieberman (I-CT). [6]

Lobbying

Allstate spent $4,080,000 for lobbying in 2006. $60,000 went to the lobbying firm James Lee Witt Associates with the remainder being spent using in-house lobbyists. [7]


Contact details

The Allstate Corporations
2775 Sanders Rd.
Northbrook, IL 60062-6127
Phone: 847-402-5000
Fax: 847-326-7519
Web: http://www.allstate.com

Resources and Articles

Featured SourceWatch Articles on Fix the Debt

References

  1. Allstate Profile, Hoovers, accessed July 2007.
  2. Yahoo Finance The AllState Corporation: Key Statistics, accessed January 2013
  3. Allstate Key Executives, Yahoo Finance, accessed January 2013.
  4. The Allstate Corporation Board of Directors, organizational website, accessed January 2013
  5. Board of Directors, Allstate, accessed July 2007.
  6. 2006 PAC Summary Data, Open Secrets, accessed October 2007.
  7. Allstate lobbying expenses, Open Secrets, accessed October 2007.