Allstate Corp.
The Allstate Corporation is one of the largest publicly held personal lines property and casualty insurers in the United States, headquartered in Northbrook, Illinois. Founded in 1931, the company operates as a diversified insurance and financial services firm, providing insurance products and investment management services. Allstate Strategic Ventures (ASV), founded in 2015, serves as the corporate venture capital arm focused on technology and innovation in the insurance sector. The firm employs approximately 54,000 people globally, offering services to individuals, families, and businesses, leveraging its extensive experience in insurance and venture capital.
Investment Strategy
Allstate Strategic Ventures invests in entrepreneurs and startups whose disruptive technologies can shape the future of insurance and adjacent sectors. The team targets insurtech, new mobility models, deep tech, and frontier tech globally, typically making seed to pre-IPO investments from $1 million to $10 million. The strategy focuses on financial returns, strategic partnerships, and commercial engagement between portfolio companies and Allstate, with an emphasis on technologies that address current and emerging industry needs. Fund I prioritizes Series A and later-stage companies with strategic value for Allstate, Fund II allows broader seed-stage investments with long-term strategic alignment, and Fund III explores emerging global tech trends without requiring near-term adoption.
Top Holdings
Equity Positions (176)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MUB | ISHARES:NATL MUNI BOND | 22.94% | $318.4M | 3,047,649 | $106.06 | $104.48 | +$204.2K |
I IGSB | ISHARES:1-5 IG CORP BD | 18.50% | $256.8M | 4,867,676 | $52.96 | $52.76 | +$39.5M |
I IGIB | ISHARES:5-10 IG CORP BD | 9.67% | $134.3M | 2,519,799 | $53.49 | $53.29 | -$24.4M |
I IVV | ISHARES:CORE S&P 500 | 7.58% | $105.2M | 169,475 | $506.53 | $620.90 | -$66.4M |
I ITOT | ISHARES:CORE S&P TOT USM | 7.28% | $101.1M | 748,331 | $127.46 | $135.04 | -$48.7M |