Allstate Management Monthly
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Volume II, Issue VII
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Greetings!
Welcome to the December edition of Allstate Management Monthly. We are coming to the close of another year full of successful agency fundings, thanks to hires and regional merger opportunities provided by management. In this edition, we have featured an article by Mark Shlien titled "6 Reasons Why People Really Leave Their Jobs" in an effort to shed light on information management can leverage to motivate their agents. Also included is our Quote of the Month and Deal Highlights showcasing a few of our recently closed deals.
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Quote of the Month
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Did You
Know?
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Deal
Highlights
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Meet the
Staff
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Resources
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Archives
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Loan
Program
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 6 Reasons Why People Really Leave Their Jobs
Mark Shlien of Property Casualty 360 provides an insightful analysis of why employees resign. Allstate managers will be able to leverage the highlights of this article to incentivize and motivate the agents under their management. Read the article here.
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Quote of the Month
"The only thing constant is change."
-Heraclitus
It is important to remember that things are constantly changing. Remembering this will keep you from being surprised when things to change and allow you to use it to your advantage. As Allstate continues to evolve as a company, the best way to approach it is with an expectant and positive attitude; one should expect that things will continue to change with the prevailing market conditions. Do not be taken aback, or knocked on your feet as the next big change approaches. You will be able to progress much further and faster than your collages who are wallowing in complaints and shock as you expectantly receive the change and react accordingly. |
Did You Know?
Allstate manufactured an automobile named the "Allstate" in 1952 and 1953? Find out more by clicking here.
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Deal Highlights
Outside Buyer in Maryland- Purchased and merged three locations totaling over $4.5M in annual earned premium. PPCLOAN was able to provide financing equal to over 2.1 times agency renewal commissions with the remainder of the purchase price met by a combination of a cash contribution by the Buyer and subordinate Seller financing.
Outside Buyer in Texas- PPCLOAN was able to provide over 95% of the purchase price for a seasoned $2.7M annual earned premium book of business. The remaining balance of the purchase price was met by a cash contribution from the Buyer.
Outside Buyer in New York- Purchased two agencies to maintain as separate locations with a combined earned premium base of $3.7M. PPCLOAN was able to provide over $700,000 for the purchase, plus additional funding for working capital. The remaining balance of the combined purchase price was met by subordinate Seller financing.
Existing Agent in Texas- PPCLOAN was able to provide 100% of the purchase price of a $2M annual earned premium book of business, plus additional capital to provide for working capital and refinance of existing agency debt.
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Resources
Allstate Agency Value Index- 3rd Quarter 2011 data now available. If you're wondering what your Allstate agency is worth, our data, based on requests for financing through PPCLOAN, will give you a good idea. Register to view current data and receive quarterly email updates.
AllstateForSale.com- Direct your agents to this free online listing of agencies if they are looking to buy, or just get an idea of what agencies in their area are selling for.
Knowledge Center- Our highly interactive Knowledge Center provides presentations, informative articles, agency value index and financial tools.
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