Allstate Corp Stock Price, News & Analysis

Allstate has deployed six Mobile Claim Centers (MCCs) throughout Texas in response to winter storms, aimed at assisting impacted customers. These centers are located in Dallas, Houston, Austin, and San Antonio and incorporate COVID-19 safety measures. The Allstate Foundation will match employee donations to nonprofits aiding recovery in underserved communities, up to $1,000 per donor annually. The MCCs are equipped with high-speed internet and advanced technology to expedite claims. Allstate emphasizes its commitment to fast claims processing and customer support during this recovery phase.

The Allstate Corporation (NYSE: ALL) has declared a quarterly dividend of $0.81 per share, an impressive 50% increase from the previous quarter. This dividend will be paid on April 1, 2021, to shareholders on record by March 4, 2021. Over the past five years, Allstate has returned $2.9 billion in dividends and repurchased 24.9% of shares, investing $5.9 billion in growth acquisitions. The company maintains a $3 billion share repurchase authorization, indicating strong capital deployment and confidence in its growth strategy.

The Allstate Corporation (NYSE: ALL), a leading personal lines insurer, announced that its CEO Tom Wilson will present at the Bank of America Securities Conference on February 10 at 11:30 a.m. EST. The event will be virtual, and interested parties can access a live webcast and subsequent replay at www.allstateinvestors.com. Allstate routinely shares financial information and updates on this platform, ensuring stakeholders remain informed about significant company announcements.

The Allstate Corporation (NYSE: ALL) reported strong financial results for Q4 2020, with consolidated revenues rising 4.8% year-over-year to $12.0 billion and net income of $2.6 billion, marking a 52.2% increase. For the full year, net income reached $5.5 billion, up 16.7%, with adjusted net income per share up 87.5% to $5.87. The company's policies in force grew by 20.5% to 175.9 million, reflecting effective customer engagement during the pandemic. However, catastrophe losses increased by 43.7% compared to the prior year. Strong returns to shareholders included $2.4 billion in dividends and share repurchases.

The Allstate Corporation (NYSE: ALL) has released its financial results for Q4 2020 via a Form 8-K, which includes an earnings release and investor supplement. These documents will be accessible by approximately 5 p.m. Eastern on February 3, 2021, on the company’s investor website. Furthermore, Allstate will hold a conference call on February 4, 2021, at 9:00 a.m. Eastern to discuss the quarterly results, with a replay available on their website afterward.

The Allstate Corporation (NYSE: ALL) has announced the sale of Allstate Life Insurance Company (ALIC) to Blackstone-managed entities for $2.8 billion. ALIC comprises roughly 80% of Allstate’s life and annuity reserves, with a 2019 net income of $467 million and a net loss of $23 million for the first nine months of 2020. The deal, pending regulatory approval, aims to enhance Allstate’s capital deployment strategy while retaining ownership of Allstate Life Insurance Company of New York. A financial book loss of about $3.1 billion is expected in Q1 2021 due to the transaction.

The Allstate Corporation (NYSE: ALL) will hold a conference call on February 4, 2021, at 9 a.m. Eastern to discuss its fourth quarter 2020 earnings. The earnings report will be filed with the Securities and Exchange Commission on February 3, 2021, after 4:15 p.m. Eastern. Interested parties can access the earnings release and supplementary information through the SEC website or Allstate’s investor website. A replay of the conference call will be available shortly after it concludes. The company will also file its 2020 Annual Report on Form 10-K later in February.

The Allstate Corporation (NYSE: ALL) has successfully closed its $4 billion acquisition of National General Holdings Corp. This strategic move aims to enhance Allstate's market share in personal lines insurance by 1 percentage point and offers independent agents increased protection options. Additionally, the acquisition will bolster Allstate's accident and health business, contributing to a stronger overall service offering. Further details regarding this acquisition will be disclosed in Allstate's quarterly earnings call on February 4.