The Allstate Corporation today announced that it has obtained all required regulatory approvals and closed its acquisition of SquareTrade, a consumer protection plan provider that distributes through many of America's major retailers.

"The addition of SquareTrade to the Allstate family of companies supports our customer-focused strategy and lives into Our Shared Purpose to protect people from life's uncertainties," said Tom Wilson, chairman and chief executive officer of Allstate. "As a rapidly growing consumer protection plan provider that distributes through many of America's major retailers, SquareTrade broadens our protection product portfolio and expands our customer relationships. SquareTrade will become even stronger as part of Allstate, enabling it to serve additional retailers and expand its product offering and market reach."