Headquarters: San Francisco, California (Esurance) Los Angeles, California (AFI)
Sector: P&C Insurance and Technology
Esurance is a leading direct-to-consumer auto insurance carrier in the U.S. Answer Financial (AFI) is the largest online insurance broker in the U.S. White Mountains sold Esurance and AFI to Allstate in 2011.
Acquired Esurance in 2000 in transaction sourced by former Fireman’s Fund executive Gary Tolman
Funded platform development and growth over investment period
Strategic acquisition of AFI in 2008 optimized customer conversion rates and acquisition costs