Allstate Corp Stock Price, News & Analysis

Allstate Identity Protection reveals concerning trends in tax-related identity theft, with 64% of Americans worried about scammers stealing their personal information to file fraudulent tax returns. The survey highlights that 40% of identity restoration cases occur during tax season, making it a prime time for fraud.

The company offers protection plans starting at $3/month, featuring tax refund guarantees and up to $1 million in identity theft-related cost reimbursement. Key findings show that one in five Americans (20%) are more concerned about tax-related identity theft this year, while 44% maintain the same high level of concern as previous years.

Major concerns stem from:

• News about rising tax fraud (43%)
• IRS delays and staffing shortages (42%)
• Rise in AI-powered fraud (42%)

Allstate and the National Association of Collegiate Directors of Athletics (NACDA) have announced their first-ever Allstate NACDA Good Works Team (Winter), recognizing 20 exceptional student-athletes across winter collegiate sports for their achievements in community service, athletics, and academics.

Auburn gymnast Sophia Groth has been named the first female team captain. As president of Auburn's Student-Athlete Advisory Committee, Groth has led community outreach initiatives including The Big House Toy Drive.

The program expands on the Allstate AFCA Good Works Team tradition to now include all sanctioned national championship sports, aiming to recognize 60 student-athletes annually across fall, winter, and spring seasons. Notable honorees include:

• Audrey Wethington (Minnesota, Hockey): Contributed 1,000+ hours to heart research
• Sion James (Duke, Basketball): Founded charity delivering 1,800 toys to children
• Colby Kern (Saint John's University, Swimming): Led meal-packing events providing 90,000 meals

Allstate (NYSE: ALL) has appointed Andréa Carter as Executive Vice President and Chief Human Resources Officer, effective May 12. Carter will spearhead Allstate's strategy for workforce management, focusing on attracting, developing, and retaining high-performing talent globally.

Carter brings nearly 30 years of experience to the role, most recently serving as Chief Human Resources Officer at Global Payments Inc. Her career includes HR leadership positions at notable organizations including Habitat for Humanity, Ralph Lauren, Newell Rubbermaid, and The Home Depot. She currently serves on the board of Churchill Downs Inc. and holds a bachelor's degree from Tennessee State University.

Allstate (NYSE: ALL) has announced significant shareholder returns through dividend increases and a new share repurchase program. The board approved an 8.7% increase in quarterly common stock dividend to $1.00 per share, payable April 1, 2025. Additionally, the company authorized a $1.5 billion share repurchase program effective through September 30, 2026.

The company also declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from January 15, 2025, through April 14, 2025, payable on April 15, 2025. CFO Jess Merten emphasized that these actions reflect Allstate's strong financial position and confidence in their strategy.

Allstate (NYSE: ALL) has announced that Chief Financial Officer Jess Merten will deliver a presentation at the Raymond James 46th Annual Institutional Investors Conference on Tuesday, March 4, at 7:40 a.m. Central Time.

Investors and interested parties can access the presentation through a live webcast on www.allstateinvestors.com. A replay of the presentation will be made available on the same website shortly after its conclusion. The company regularly posts financial information and material announcements on their investor relations website.

Allstate (NYSE: ALL) has reported estimated catastrophe losses of $1.08 billion ($849 million after-tax) for January 2025. The losses primarily stemmed from three events, with approximately $1.07 billion specifically related to California wildfires.

The California wildfire event estimate includes reinsurance reinstatement premiums and an estimated California FAIR Plan assessment, while being net of estimated reinsurance recoveries of $1.40 billion.

Allstate and the National Association of Collegiate Directors of Athletics (NACDA) have announced 193 student-athlete nominees for the inaugural Allstate NACDA Good Works Team (Winter). The nominees, comprising 115 women and 78 men across 17 winter sports, were selected for their excellence in academics, sports, and community impact.

The program expands upon the Allstate AFCA Good Works Team tradition, which has recognized college football players since 1992. A distinguished Selection Committee, including ESPN personalities Holly Rowe and Sam Acho, will choose 20 final members (10 female and 10 male) for the 2024-25 team.

Eligible nominees must have completed at least one year of college coursework and represent one of five divisions: NCAA Division I, II, III, NAIA, or Junior/Community Colleges. The initiative will honor 60 student-athletes annually across fall, winter, and spring seasons.

Allstate (NYSE: ALL) reported strong financial results for Q4 2024, with total revenues reaching $16.5 billion, up 11.3% from the previous year. Net income was $1.9 billion, a 30.1% increase year-over-year. The company's adjusted net income for the full year 2024 was $4.9 billion, representing a 26.8% return on equity.

Property-Liability earned premiums grew 10.6% to $13.9 billion in Q4, with underwriting income of $1.83 billion. Auto insurance showed improvement with a combined ratio of 93.5, while homeowners insurance generated $1.3 billion in underwriting income for the year. The company's investment portfolio yielded net investment income of $833 million in Q4, up $229 million from the prior year.

Notable developments include an agreement to sell Group Health to Nationwide for $1.25 billion, with expected combined proceeds of $3.25 billion from recent business sales. The company also reported total policies in force increased 7.2% to 208,345 thousand.

Nationwide has announced a definitive agreement to acquire Allstate's employer stop loss segment for $1.25 billion. The transaction, expected to close in the second half of 2025, will strengthen Nationwide's portfolio and expand its ability to provide stop loss insurance to small businesses.

The acquisition will protect over 13,000 small businesses through stop loss insurance, which safeguards employers with self-funded health insurance plans from excess losses. The deal represents a significant investment in the stop loss market and will position Nationwide as a leading provider in the industry.

The transaction will add experienced talent with proven business results and complement Nationwide's existing offerings while creating opportunities for growth in employer benefits. Citi and Squire Patton Boggs LLP are advising Nationwide, while J.P. Morgan, Ardea Partners, and Willkie Farr & Gallagher LLP are advising Allstate.