Feb. 21 (Bloomberg) — Allstate Corp., the largest publicly traded U.S. home and auto insurer, increased its agency count for the first time since 2007 as the company targeted growth beyond the U.S. East Coast to diversify risk.
The insurer had 11,600 Allstate-exclusive agencies and financial representatives in the U.S. and Canada as of Dec. 31, an increase of 400 from a year earlier. Locations served by exclusive agencies increased to 9,300 from 9,000, according to a filing with the Securities and Exchange Commission yesterday.
Chief Executive Officer Tom Wilson has turned his focus to expansion after spending years reducing sales to homeowners in states such as New York and Florida. Allstate had as many as 15,000 exclusive agencies and financial representatives in 2007.
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