NORTHBROOK, IL, February 13, 2002 –The National Association for Female Executives (NAFE) named Allstate Insurance Company a Top 25 company for executive women. This is the fourth year Allstate is recognized as one of the nation’s top companies offering the best leadership opportunities to women. Allstate is one of two Illinois-based companies recognized with the honor.
“When companies conscientiously transform their environments so women can succeed, they deserve recognition,” said Dr. Betty C. Spence, president of NAFE.
To make the “Top 25” list, a Fortune 1000 company must have at least two women on the board of directors, a high proportion of women at all levels, and a steadily increasing percentage of women in senior management. It earns points for women CEOs, top earners, and line managers — those with profit-and-loss responsibility.
Approximately 61% of Allstate’s total workforces and 41% of Allstate’s officials and managers are women.
NAFE also considered Allstate’s ability to measure women’s progress and hold managers accountable, particularly with financial incentives. Equally important are the Allstate programs that groom women for upper management, mentoring initiatives, networking, flexible work arrangements and child-care benefits.
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With AllstateР’В®” slogan, Allstate provides insurance products to more than 14 million households and has approximately 13,000 exclusive agents in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800-Allstate. EncompassSM and DeerbrookР’В® Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life insurance, retirement and investment products, through Allstate agents, workplace marketing, independent agents, banks and securities firms.
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