Allstate to acquire SafeAuto for $270mn
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Allstate to acquire SafeAuto for $270mn

Bernard Goyder
June 01, 2021
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Allstate SafeAuto city street cars.jpg

The Allstate Corporation has agreed to acquire Ohio-based SafeAuto Insurance Group for $270mn in cash, in a transaction that expands the insurer’s presence in the non-standard auto market.

SafeAuto provides auto insurance in 28 states and wrote around $335mn in direct written premiums in 2020 through its Safe Auto Insurance Company operating unit, according to data from statutory filings viewed on SNL.

The

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Topics

NewsPersonal linesM&APersonal auto
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Bernard Goyder
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