Allstate Corp Stock Price, News & Analysis

The Allstate Corporation (NYSE: ALL) will host a conference call and webcast on Nov. 3, 2022, at 9 a.m. Eastern to discuss its Q3 2022 earnings. A current report on Form 8-K detailing quarterly results will be filed with the SEC at or after 4:15 p.m. Eastern on Nov. 2. Interested parties can view the earnings release and investor supplement on the SEC website and at Allstate’s investor site by 5 p.m. Eastern.

The latest Allstate Identity Protection report reveals that 17% of Americans encountered suspicious job opportunities this year, with remote job scams on the rise. In Q2 alone, approximately 21,600 fraudulent job listings resulted in $86 million in losses for victims. Notably, disability fraud cases surged by 85% year-over-year, while unauthorized credit inquiries increased by 116%. Allstate emphasizes the importance of quick action against identity theft and offers resources for protection. This underscores the growing threat of fraud in the digital age.

The Allstate Corporation (NYSE: ALL) announced significant auto insurance rate increases in August 2022, implementing an average hike of 14.5% across 8 locations, resulting in a total premium impact of 3.2%. Year-to-date, Allstate has executed 72 rate increases averaging 10.3% across 51 locations, leading to a total rate increase impact of $2.5 billion. In August alone, the increases contributed $777 million to premiums. These actions reflect Allstate's response to ongoing inflationary pressures in auto insurance severities.

The Big Homecoming Festival, co-created by Grammy winners Amir Windom and Maurice Slade, is launching Phase II with The 365 Impact Tour, aimed at supporting Historically Black Colleges and Universities (HBCUs). Major partners like Walmart (WMT), Wells Fargo (WFC), and Allstate (ALL) will provide resources to enhance education, leadership, financial literacy, health, and entrepreneurship among students. The tour kicks off on September 13, 2022, at North Carolina A&T University, continuing efforts to celebrate and sustain the legacy of Black excellence through community engagement.

The Allstate Corporation (NYSE: ALL), a major personal lines insurer, has announced that Tom Wilson, its Chair, President, and CEO, will present at the Barclays Global Financial Services Conference on Tuesday, Sept. 13, at 9:45 a.m. Eastern Time. Interested parties can access a live webcast of the presentation at www.allstateinvestors.com. A replay will be available shortly after the event. Financial updates and crucial announcements regarding Allstate are also regularly posted on the same site.

The Allstate Corporation (NYSE: ALL) announced a total of $26.3 million in dividends on three series of preferred stock for the period from July 15, 2022 to October 14, 2022. The announced dividends are payable in cash on October 17, 2022, to stockholders on record as of September 30, 2022. The breakdown includes:

• Series G: 5.625% yielding $0.3515625 per share
• Series H: 5.100% yielding $0.3187500 per share
• Series I: 4.750% yielding $0.2968750 per share

Allstate announces leadership changes with Mario Rizzo succeeding Glenn Shapiro as President of Property-Liability, effective Sept. 1. Shapiro, who is retiring after leading the division since 2018, contributed to the company's Transformative Growth strategy and navigated inflation impacts on auto insurance. Jess Merten will take over as Chief Financial Officer, bringing extensive operational experience. Allstate aims to enhance auto insurance margins and maintain momentum in digital transformation, emphasizing its purpose-driven leadership.

The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $223 million for July, with $176 million after-tax. The month saw 12 events, mainly wind and hail, leading to total estimated losses of $233 million, slightly offset by favorable reserve adjustments. Allstate implemented a total of 64 rate increases averaging 9.0% since the year's start, adding $240 million in July alone. The company plans further rate actions in response to inflation in auto insurance costs.