NORTHBROOK, Ill., Oct. 5, 2018 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced that it has closed its
acquisition of InfoArmor Inc., a leading provider of employee
identity protection coverage. InfoArmor serves more than 1 million
employees and family members at over 1,400 firms, including more
than 100 of the nation's Fortune 500 companies.
"Allstate's acquisition of InfoArmor gives us another innovative
high-growth business to further expand our portfolio of protection
products and services. Identity theft is a growing problem, and
this enables us to protect more people from life's uncertainties,"
said Tom Wilson, Chairman, President
and CEO of Allstate. "Consumers are increasingly at risk of having
their digital identities compromised, and InfoArmor is the go-to
identity protection company in the employee benefits market. This
acquisition allows us to further broaden the Allstate Benefits
business, which already serves more than 4 million employees."
About Allstate
The Allstate Corporation (NYSE: ALL)
protects people from life's uncertainties with more than 88 million
proprietary policies. Allstate offers a broad array of protection
products through multiple brands and diverse distribution channels,
including auto, home, life and other insurance offered through its
Allstate, Esurance, Encompass, SquareTrade and Answer Financial
brands. Allstate is widely known from the slogan "You're in Good
Hands with Allstate."
About InfoArmor
InfoArmor is a leader in the identity
protection and advanced threat intelligence industries. InfoArmor's
employee benefit, PrivacyArmor®, which is offered to employees by
more than 100 of the Fortune 500 companies, is a proactive identity
monitoring service that alerts users at the first sign of fraud and
restores an individual's identity. VigilanteATI® is InfoArmor's
corporate threat intelligence service, which monitors for emerging
threats and protects companies from hacks and cyberattacks.
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SOURCE The Allstate Corporation