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Allstate Insurance Company Ranks 36 On 2013 DiversityInc Top 50 Companies For Diversity





PRINCETON, N.J., April 24, 2013 /PRNewswire/ -- DiversityInc last night announced The 2013 DiversityInc Top 50 Companies for Diversity, with Allstate Insurance Company ranking number 36 on the list. The DiversityInc Top 50 includes companies from a wide range of industries whose leadership, procurement practices, communications and training best reflect the reality of the rapidly changing face of America. The full list can be found at www.DiversityInc.com/top50.

(Logo: http://photos.prnewswire.com/prnh/20130404/MM88193-b)

This year marks the eighth time Allstate has earned a ranking on the DiversityInc list. "Inclusive diversity is a key business strategy and competitive advantage for Allstate, said Michael Escobar, vice president, chief diversity & organization effectiveness officer for Allstate. "We are creating a workplace where you can pursue your purpose, be your best, and have meaningful work and opportunities to grow. When individual differences are valued, that exemplifies the true spirit of inclusive diversity for our company." 

"On the heels of the demographically revealing 2012 presidential election, it is clear that U.S. companies are increasingly conscious of the importance of diversity," said Luke Visconti, CEO of DiversityInc. "We are very encouraged to see more companies applying for this distinction and embracing diversity more deeply than ever. We also note a continued positive correlation between achievement in diversity and overall positive stock performance."

Both the 2013 and the 2012 DiversityInc Top 50 lists outperformed the S&P 500 on a one-, three- and five-year basis.

DiversityInc 2013 survey results show that Top 50 companies have:

  • 76% more Blacks, Latinos and Asians on their boards of directors than the Fortune 500
  • 54% more women on their boards of directors than the Fortune 500
  • 43% more women in the top level (CEO and direct reports) than the Fortune 500
  • 16.6% more Blacks, Latinos and Asians in the top level (CEO and direct reports) than the Fortune 500
  • 14 times more CEOs who are Black, Latino or Asian than the Fortune 500 (16% of Top 50 CEOs are Black, Latino or Asian vs. 1.2% for the Fortune 500)

In addition, DiversityInc notes that Top 50 companies have 51% more employees in resource groups than they did five years ago and donated 53% more to multicultural charities than they did five years ago.

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