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) reported Q3 2021 revenues of $12.5 billion, marking a 16.9% increase year-over-year, but net income dropped 54.9% to $508 million. Adjusted net income fell to $217 million, a decline of 75.9%. The Property-Liability combined ratio worsened to 105.3, indicating underwriting losses, primarily due to inflation and supply chain disruptions. Catastrophe losses reached $1.27 billion, driven by Hurricane Ida. However, net investment income rose by $300 million, offsetting some losses. Cost-cutting measures and strategic initiatives are in place to enhance competitiveness.
The Allstate Corporation (NYSE: ALL) has filed a Form 8-K revealing its financial results for the quarter ended September 30, 2021. Key materials, including the earnings release and the quarterly Form 10-Q, will be accessible on the company’s SEC page. A conference call to discuss the results is scheduled for 9 a.m. Eastern on Thursday, November 4, where a webcast will be available for public access. Interested parties can sign up for email alerts on financial announcements via the company's investor relations website.
The Allstate Corporation (NYSE: ALL) has completed the sale of Allstate Life Insurance Company (ALIC) and its subsidiaries to Blackstone for $4 billion. This amount includes a purchase price of approximately $2.8 billion and reflects increases in statutory surplus since March 31, 2020. The sale aligns with Allstate's strategy to enhance its market share in personal property-liability and reduce interest rate exposure. The transaction resulted in a GAAP book loss of around $3.8 billion in Q1 2021 and reduced assets to $99 billion and liabilities to $72 billion as of June 30, 2021.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of
The Allstate Corporation (NYSE: ALL) is set to hold a conference call and webcast on Thursday, Nov. 4, 2021, at 9 a.m. Eastern to discuss its third quarter 2021 earnings. A current report on Form 8-K detailing quarterly results will be filed with the Securities and Exchange Commission at or after 4:15 p.m. Eastern on Wednesday, Nov. 3. Interested parties can access the earnings release and investor supplement on the SEC website and via the Allstate Investor website.
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
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