Allstate plans to add more than 200 agents in Indiana

Allstate Insurance Co. said Friday that it plans to boost employment in Indiana by adding 204 sales agents and agency owners in the state, including 61 in the Indianapolis area.

The Northbrook, Illinois-based insurer said it is looking for 15 new agency owners in Indianapolis who will hire 46 sales agents after they open for business.

"We are seeing increased consumer demand for auto and home insurance as well as financial advice and planning," Tom Schmitt, Indiana sales leader for Allstate, said in written remarks. “We are seeking qualified professionals and offering comprehensive training and resources to support the success for each of them."

Allstate is offering a $5,000 award to anyone who refers an eligible candidate for agency ownership to Allstate, if the candidate completes 90 days of Allstate agency ownership.
 
Candidates interested in becoming an Allstate agency owner will need capital to invest in their agency. Initial investments typically run from $50,000 to $100,000.

Allstate expects to turn a profit this year despite a tough year for claims due to disasters. The insurer said last month that it expects to incur catastrophe loss of $202 million in October alone from hurricanes and wildfires.

The company reported third-quarter profit of $833 million, up from $637 million in the same period of 2017. Revenue rose to $10.47 billion, up nearly 6 percent. The company has about 70,000 employees nationwide.