The Four-Way Distribution Engine and the 2025 Capital Reshuffle

"Allstate" is actually four distinct customer-facing businesses: exclusive Allstate-branded agents, independent agents under the National General brand, direct-to-consumer, and Allstate Protection Plans (SquareTrade) sold through retailers. In 2025, the company sold its Group Health business to Nationwide ($1.25B) and its Employer Voluntary Benefits business to The Standard ($2.0B) — a combined $3.25B reshuffle to focus on personal lines and protection. This module helps candidates understand which Allstate they're interviewing for and how the distribution structure shapes the role.