Overview of Expenditures
Allstate supports candidates for public office, research associations, coalitions, industry trade associations, non-profit organizations, and other groups to advance key priorities 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, we do so.
In 2011, the company’s efforts in this arena utilized approximately $14.1 million in corporate funds, which represent four one-hundredths of one percent of revenues. In addition, for the same period the employee-funded political action committees contributed approximately $342,000 to a wide variety of political organizations and candidates (Chart A).
(A) Total Support of Public Policy Initiatives
(B) Company Support of Public Policy Initiatives
The company supports various organizations, including tax-exempt organizations that may engage in lobbying activities, candidates, and committees in its public policy efforts. This support is 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 (Chart B). Approximately 77 percent of the total company support was directed to tax deductible, non-lobbying endeavors (Chart C).
(C) Deductible Expense and Non-Deductible
Lobbying Expenses/Political Contributions