# Allstate Corporation

Allstate Corporation is an Insurance based in Chicago, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Northbrook, IL, United States
- **Founded:** 1931
- **Assets under management:** Undisclosed
- **Website:** allstate.com
- **LinkedIn:** https://www.linkedin.com/company/allstate

## Regulatory record

- **CRD number:** 107775
- **SEC file number:** 801-30535
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107775

## About

Allstate Corporation is an SEC-registered investment adviser in Chicago, IL, registered since 1987. The firm manages approximately $26.5 billion in regulatory assets. It has 149 employees and 119 investment advisers.

## Sectors

- Real Estate
- Secondaries & Special Situations
- Private Credit
- Infrastructure

## Offices

- Dallas, TX, United States

## People

- Thomas J. Wilson — Chair, President, and CEO
- Alexandra Band — SVP & CFO Investment Finance
- Mike Moran — Managing Director of Real Estate, Allstate Investments

## Questions

### Does Allstate invest directly in real estate or through funds?

Allstate uses a hybrid model. The firm partners with operating platforms like TruAmerica Multifamily to co-invest in residential acquisitions — a strategy that has placed capital in Colorado and Washington markets. It also disposed of legacy direct holdings, including the former corporate campus in Northbrook, Illinois, reflecting an active asset-management posture rather than passive fund exposure.

### What is TruAmerica Multifamily's relationship to Allstate?

TruAmerica Multifamily acts as a strategic co-investment partner for Allstate's real estate group. The relationship lets Allstate commit equity alongside an experienced operator in value-add and core-plus apartment deals, without building a massive in-house property management team. Mike Moran's group at Allstate Investments manages the partnership.

### Does Allstate manage capital for external clients?

No. Allstate Investments manages the general account for the insurance enterprise and affiliated subsidiaries — it does not operate as a third-party asset manager. The publicly traded parent company (NYSE: ALL) governs the investment subsidiary, with no external limited partners beyond the insurance policyholders whose premiums fund the float.

### What role does The Allstate Foundation play in the firm's capital deployment?

The Allstate Foundation is a philanthropic entity distinct from the investment portfolio. It focuses on youth empowerment, safe driving, and domestic-violence prevention. The foundation's assets are managed separately from the general account and do not influence the insurance-side investment strategy. The foundation is a member of Workforce Matters, a network focused on workforce development philanthropy.

## Related profiles

- [Allina Health System](https://altss.com/profile/allina-health-system)
- [AllStreet Wealth](https://altss.com/profile/allstreet-wealth)

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Last updated: 2026-06-03T20:00:00.000Z

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