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) provides property-casualty and protection products for autos, homes, electronic devices and identities through Allstate agents, independent agents, major retailers, online channels and workplace offerings. News about Allstate commonly covers personal auto and homeowners growth, Protection Services offerings, identity theft protection, mobile app features and distribution initiatives.
Company updates also include quarterly earnings, Property-Liability combined ratio trends, investment income, share repurchases and dividends, monthly catastrophe-loss estimates from weather events, policies in force and brand or community programs such as the Allstate NACDA Good Works Team.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $356 million in June, leading to total second-quarter losses of $1.11 billion, pre-tax. The company faced $408 million in unfavorable reserve reestimates due to inflationary pressures, primarily in personal auto insurance. The combined ratio for property-liability was reported at 107.9, with an underlying ratio of 93.4. Allstate implemented auto insurance rate increases averaging 10.7%, projected to raise annualized premiums by $2.17 billion.
Allstate and the American Football Coaches Association (AFCA) announced the nominees for the 2022 Allstate AFCA Good Works Team®, recognizing 114 student-athletes for their community service and academic excellence. For 31 years, this award has celebrated young men who positively impact their communities. The final 22-member team will be selected by a panel and announced in September, with fans voting for the captain. The nominees include players from various NCAA divisions, all demonstrating leadership and dedication to charitable organizations while maintaining academic standing.
The Allstate Corporation (NYSE: ALL) has approved a quarterly dividend of 85 cents per share. This dividend will be paid in cash on Oct. 3, 2022, to stockholders of record as of the close of business on Aug. 31, 2022. This announcement reflects Allstate's commitment to returning value to its shareholders.
The Allstate Corporation (NYSE: ALL) is scheduled to announce its second quarter 2022 earnings on August 3, 2022, post-market at 4:15 PM Eastern. A conference call will follow on August 4, 2022, at 9 AM Eastern to discuss the results. Detailed financial information can be accessed via the SEC website and the Allstate investor site. Investors can also subscribe for alerts through the Allstate website to stay updated on earnings and other significant announcements.
The National Safety Council (NSC) has released an executive summary of a report, funded by Allstate (NYSE: ALL), addressing the national crisis of roadway fatalities, which reached a 16-year high with over 46,000 deaths in 2021. The report, titled Mobility, Technology and Safety: The Next 20 Years, outlines 10 key conclusions aimed at improving future mobility safety. These include addressing the dangers posed by motor vehicles, the need for infrastructure revisions, and protecting vulnerable road users. The full report is set to be released on July 26, 2022.
The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for May totaling $436 million, or $344 million after-tax, primarily due to wind and hail in Texas, the Midwest, and Canada. The company reported total catastrophe losses of $752 million for April and May. In response to inflationary impacts on auto insurance severities, Allstate implemented rate increases averaging 8.1% across 49 locations, resulting in a $180 million premium impact in May.
Summary not available.
Allstate warns of increased roadway risks for the upcoming summer travel season based on analysis of collision data from 2017 to 2021. Post-pandemic, collision rates are expected to exceed averages by up to 7.7%. While collisions dropped in 2020 and 2021 due to reduced driving, national mileage has surpassed pre-pandemic levels, with spring fatalities already increasing. To promote safety, Allstate recommends five driving tips, including buckling up and avoiding distractions. The company is committed to enhancing roadway safety in the U.S.
The Allstate Corporation (NYSE: ALL) has declared a quarterly dividend of $0.85 per share on its common stock, payable on July 1, 2022, to stockholders of record by June 3, 2022. Additionally, approximately $26.3 million in preferred dividends will be paid for the period from April 15 to July 14, 2022, with distributions occurring on July 15, 2022. Preferred dividends will be allocated across three series, with rates ranging from 4.75% to 5.625%.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $316 million for April, with an after-tax impact of $250 million. The losses stemmed from fourteen events, primarily wind, hail, and tornados in Texas and the southeast, totaling $299 million. In response, Allstate implemented significant rate increases averaging 6.4% across 14 locations, contributing to a total premium impact of 0.7%. Since Q4 2021, Allstate has enacted 67 rate increases averaging 8.0%, amounting to $163 million in April alone.