Total Support of Public Policy Initiatives
Company Support of Public Policy Initiatives
Deductible Expenses and Non-Deductible
Lobbying Expenses/Political Contributions
Allstate is actively involved in the public policy process at the state and federal levels. We believe that the existence of extensive state-based regulation of insurance, the importance of a fair court system to our customers, and the priority we place on the importance of personal safety and property protection combine to compel Allstate to seek to shape sound public policy. Participating in the development of good public policy and offering ideas and resources in this arena help our customers to protect themselves from life’s uncertainties and to prepare for the future.
Board oversight and contribution governance
Allstate maintains a rigorous oversight process for its advocacy efforts. In addition to complying with public disclosure laws at the state and national levels, we maintain internal guidelines and procedures that govern our public advocacy and political activities. Internal guidelines and procedures ensure that our public policy efforts remain consistent with the company’s annual operating plan and established priorities while advancing positions that promote the best interests of our shareholders, employees, agents, and customers. Subject matter experts and government relations professionals in the company are responsible for working with organizations and associations that the company supports. A team of dedicated public policy and legal professionals is responsible for overseeing and managing Allstate’s public policy engagement, with reporting to senior management and the company’s Board of Directors.
Allstate’s use of corporate resources in the public policy arena is consistent with the company’s annual operating plan and with its strategic vision of reinventing protection and retirement for the consumer, and is not based upon the personal views of any individual member of management or the Board of Directors. The specific deployment of corporate resources is presented formally to the Board each year and is always guided by the principle of what is best for the interests of our shareholders, employees, agents, and customers.
With regard to corporate contributions to candidates, our General Counsel, the Senior Vice President–Government, and the Industry Relations/Deputy General Counsel determine the candidates and committees to which our support is offered. These contributions are subject to further oversight by the company’s Board of Directors and are devoted to candidates whose views and positions seek to improve the insurance marketplace for the company, the insurance industry, and the insurance consumer.
Overview of expenditures
Allstate supports candidates for public office, research associations, coalitions, industry trade associations, nonprofit organizations, and other groups to advance key priorities such as ensuring a healthy regulatory system, promoting fiscal responsibility, fostering market innovation, and promoting safety and security (such as teen safe driving, regulatory modernization, and natural catastrophe management). We may not agree with every position taken by a specific organization, candidate, or committee. Nevertheless, when we believe it prudent to work across such differences on behalf of the interests of our stakeholders, that’s what we do.
In 2013, the company’s efforts in this arena utilized approximately $14 million in corporate funds, which represents .04% of revenues. In addition, for the same period, the employee-funded political action committees contributed approximately $322,160 to a wide variety of political organizations and candidates.
As part of our public policy efforts, the company supports various organizations, including those that may engage in lobbying activities, and contributes to the support of candidates and political committees. Our resources are allocated among the following five categories of activities: research, coalitions, national and state trade associations, and corporate political contributions. This report describes each of the categories and the amount we spend in each category. We devote more than 50 percent of these corporate resources toward research. Approximately 85 percent of the total company support was directed to tax-deductible, non-lobbying endeavors.