Extensive state-based regulation of insurance, the importance of a fair court system to our customers, and the priority we place on personal safety and property protection combine to compel Allstate to seek to shape sound public policy.
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. With regard to corporate contributions to candidates, our General Counsel and the Senior Vice President for Government and Industry Relations 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.
Internal guidelines and procedures ensure that our public policy efforts remain consistent with the company’s operating priorities while advancing positions that promote the long-term interests of our shareholders, employees, agencies, 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 oversees and manages Allstate’s public policy engagement, and reports 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 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, agencies, and customers.
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 and natural catastrophe management). We may not agree with every position taken by a specific organization, candidate, or committee.
In 2014, the company’s efforts in this arena utilized approximately $15 million in corporate funds, which represents .04 percent of revenues. In addition, for the same period, our employee-funded political action committees contributed approximately $262,820 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 candidates and political committees. Our resources are allocated among the following five categories: research, coalitions, national trade associations, state trade associations, and corporate political contributions. This report describes each of these categories and the amount we spent in each category in 2014. We devoted nearly 50 percent of these corporate resources to the support of research, and approximately 85 percent of total company support was directed to tax-deductible, non-lobbying endeavors.