The Allstate Corporation: Your Dividend Investment Is In Good Hands

Summary

• Allstate earned record-breaking revenue in 2018, almost over $40 billion. Will the company be able to maintain pace of increasing revenue while managing costs in a highly competitive market?
• It announced a dividend increase in February of 8.7%, delivering further value back to shareholders and extending its dividend streak. Can the dividend growth continue?
• Allstate closed on its acquisition of InfoArmor, Inc., an identity theft protection coverage provider, expanding its service offerings.

The Allstate Corporation Background and History

The Allstate Corporation (NYSE:ALL) is a sensory brand that resonates in our memory, no doubt. The name resonates, especially when thinking of whom to pick for home and auto insurance and the fact that it serves over 16 million households. The company has been around for over 87 years and has grown throughout those years. I would also like to note, the company own Esurance, the online-based insurance provider. Therefore, Allstate's reach is even further than one would think. In addition, it announced record-breaking revenue figures during a time of stiff competition from neighbors such as State Farm, Liberty Mutual, Geico, Nationwide... the list really goes on. At a time when switching costs are easy, the company is growing. Can this continue?

Growth may continue, as it isn't simply an insurance provider. Allstate acquired and closed on its acquisition of InfoArmor, Inc. The company is in the identity protection business, and its primary customers are the top 100 companies in the U.S. Allstate making moves here is a great complement to its service offerings. First, identity theft from the digital footprint we all have on the web is more prevalent today and tomorrow than our yesterday ever carried. The acquisition adds more clients to the company's Allstate Benefits Business package, and it can now add this service on to existing clients.

Given that it is a behemoth of an insurance and benefits provider, does Allstate have a spot in an investor's portfolio, specifically a dividend investor's? I will review the company's latest 10-K release, which discusses and discloses its 2018 annual performance. Further, especially after Allstate announced an 8.7% dividend increase recently, I will review its dividend metrics using the beloved Dividend Diplomat Stock Screener.

The Allstate Corporation Financial Performance

2018 was a record-breaking

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.