Dive Brief:
- Allstate has tapped CoStar Group CFO Christian Lown to become its next CFO, effective Aug. 3, the insurance giant said Tuesday.
- In his new position, Lown will receive an annual base salary of $875,000. He will also receive a one-time cash sign-on bonus of $2 million within 60 days of his start date, according to a securities filing.
- Lown succeeds Jess Merten, who was named president of property liability in October 2025 after serving as Allstate's CFO for three years.
Dive Insight:
Lown comes to Allstate with more than 25 years of senior leadership experience in finance and capital markets.
He has spent the last two years at CoStar, a provider of commercial real estate information and analytics. Prior to joining CoStar, he served as CFO for Freddie Mac and for Navient Corporation and in senior finance roles at Morgan Stanley and UBS.
“Chris's leadership and capital markets expertise will enable us to continue increasing Property-Liability market share and expand protection provided to customers," Allstate President and CEO Tom Wilson said in a press release.
John Dugenske, Allstate’s president of investments and corporate strategy, has served as interim CFO and will continue in that role until Lown arrives, the release said.
