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.
Allstate Corporation (NYSE: ALL) maintains its position as a leader in property-casualty insurance through continuous innovation and customer-focused solutions. This news hub provides authorized updates directly from one of America's largest personal lines insurers.
Access verified information about quarterly earnings, product enhancements, and strategic initiatives. Our curated collection features official press releases, regulatory disclosures, and market analyses relevant to Allstate's operations in auto, homeowners, and specialty insurance markets.
Key updates include coverage of:
• Financial performance and dividend announcements
• Regulatory developments impacting insurance operations
• Technology implementations in claims processing and risk assessment
• Community initiatives through Allstate Foundation programs
Bookmark this page for real-time updates on corporate milestones and industry leadership from the company that insures 1 in 9 US vehicles. Cross-reference official SEC filings and investor materials for complete financial context.
The Allstate Corporation (NYSE: ALL) has finalized the sale of Allstate Life Insurance Company of New York to Wilton Re for $400 million. This move is part of Allstate's strategy to boost its personal property-liability market share while divesting from its life and annuity businesses. Additionally, Allstate has announced a pending sale of Allstate Life Insurance Company to Everlake US Holdings Company, which is projected to close in 2021, contingent on regulatory approval. These transactions mark a significant shift in Allstate's business focus.
Allstate (NYSE: ALL) has announced a pledge of $1 million to honor the Allstate AFCA Good Works Team and their chosen non-profits for outstanding community service. This initiative represents the largest NIL investment aimed at community impact by a college football sponsor. Allstate's commitment aligns with its values and supports athletes recognized for their community leadership, rather than solely their athletic performance. The investment aims to empower college players as community leaders, fostering positive societal change nationwide.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of
The Allstate Corporation (NYSE: ALL) announced that CEO Tom Wilson will present virtually at the Barclays Global Financial Services Conference at 9:45 a.m. ET on Tuesday, Sept. 14. Investors can access the webcast of the presentation at www.allstateinvestors.com, where a replay will also be available shortly after the event. The company routinely shares important financial information and announcements on the same website.
The Allstate Corporation (NYSE: ALL) announced approximately $26.3 million in dividends across three series of preferred stock for the period from July 15, 2021 to October 14, 2021. Cash payments will be made on October 15, 2021, to shareholders on record by September 30, 2021. The dividends include:
- Series G: 5.625% yielding $0.3515625
- Series H: 5.100% yielding $0.3187500
- Series I: 4.750% yielding $0.2968750
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $227 million for July, amounting to $179 million after tax. These losses originated from 18 events, costing an estimated $211 million, along with unfavorable prior period reserve estimates. This financial release highlights the potential impact of such events on the company's overall financial performance.
The Allstate Corporation reported a significant revenue increase of 21.6% to $12.6 billion in Q2 2021, driven by higher earned premiums and investment income. Net income rose 30.3% to $1.6 billion, with adjusted net income at $3.79 per share. The Property-Liability combined ratio reached 95.7, reflecting increased claims. Notably, policies in force grew 14.4%. The board approved a new $5 billion share repurchase program, enhancing shareholder returns. However, the company faced higher non-catastrophe losses and increasing accident frequency, which could impact profitability.
The Allstate Corporation (NYSE: ALL) filed a Form 8-K revealing its financial results for Q2 ending June 30, 2021. The full earnings release, investor supplement, and quarterly Form 10-Q are available on the SEC website. Additionally, Allstate will provide a reinsurance update and host a conference call on August 5 at 9:00 a.m. Eastern to discuss the quarter's performance. Interested parties can access the webcast and find further updates on www.allstateinvestors.com.
The Allstate Corporation (NYSE: ALL) has announced a quarterly dividend of 81 cents per share, payable on October 1, 2021, to shareholders on record as of August 31, 2021. This dividend is 50% higher than the previous year, reflecting the board's confidence in the company's capital position and earnings prospects, as stated by CFO Mario Rizzo. This decision marks consistency with dividends issued in the prior two quarters, reinforcing a positive outlook for investors.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $195 million for June, or $154 million after-tax. For Q2, the total catastrophe losses reached $752 million, after-tax. June's losses stemmed from 11 events, costing approximately $178 million, with three major incidents in the Midwest contributing to about 70% of the month's losses. The company continues to provide financial updates on their investor relations website.
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