In 1966 Boe was named President of Allstate Insurance, and became the company's chairman and executive officer in 1972. In 1982 he became the president of Sears, a post he held for two years. Boe retired in 1984. He was inducted into the Chicago Business Hall of Fame in 1987, and served on several corporate boards.
Boe was also the author of Allstate: The Story of the Good Hands Company.