Welcome to our dedicated page for Allstate news (Ticker: ALL), a resource for investors and traders seeking the latest updates and insights on Allstate stock.
The Allstate Corporation (NYSE: ALL) is a property and casualty insurance company that publicly reports a steady stream of news relevant to investors, policyholders and other stakeholders. Allstate’s releases frequently describe how the company protects people from life's uncertainties with protection for autos, homes, electronic devices and identities, and they highlight developments across its insurance, identity protection and philanthropic activities.
News for ALL stock often includes monthly catastrophe loss updates and Allstate Protection policies in force, broken out by auto, homeowners, other personal lines and commercial lines. These monthly releases, which are also furnished to the SEC via Form 8-K, give insight into catastrophe impacts and changes in policy counts over time. Investors tracking Allstate’s risk exposure and growth in policies can use this information to follow trends in the company’s core insurance operations.
Allstate’s news flow also covers quarterly earnings announcements, dividend declarations on its common and preferred stock, and details on upcoming earnings conference calls and webcasts. These items outline when financial results will be released, how to access earnings materials and where to find investor supplements and Form 8-K filings.
Beyond financial and catastrophe updates, Allstate issues news on product and program initiatives such as Allstate Scam Protection and identity protection services, as well as research-based reports like the Allstate Holiday Driver Report. The company also shares updates from The Allstate Foundation and sponsorships such as the Allstate Wuerffel Trophy, which focus on community impact, relationship abuse prevention and service-oriented recognition in college football.
By following this news page for ALL, readers can review a consolidated feed of these corporate announcements, financial updates, catastrophe summaries, workplace benefit launches, safety research and philanthropic initiatives related to The Allstate Corporation.
Voya Investment Management has been chosen by Allstate to manage its $850 million commercial mortgage portfolio, effective Nov. 14, 2022. Allstate retains ownership while Voya IM takes over management through a separately managed account. Approximately seven Allstate employees will join Voya’s team to handle this portfolio. Allstate's Managing Director emphasized the need for Voya’s proven expertise in commercial mortgage management, citing recent sales of assets making internal management less optimal. Voya manages approximately $330 billion in assets across various strategies.
The Allstate Corporation (NYSE: ALL) reported a challenging third quarter of 2022, estimating a net loss between
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.
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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.
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