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 a Q1 2021 net loss of $1.4 billion, primarily due to $4 billion from divesting life and annuity businesses. However, adjusted net income rose 55.7% to $1.9 billion, reflecting strong operating performance and a 26.2% revenue increase to $12.5 billion. Property-liability premiums grew 13.7%, with 182,912 policies in force, up 20.6%. Despite a 179.6% rise in catastrophe losses to $590 million, the combined ratio improved to 83.3. Shareholder returns included $765 million through buybacks and dividends, with a 50% dividend increase announced.
The Allstate Corporation (NYSE: ALL) has filed a Form 8-K detailing its financial results for Q1 2021, concluding on March 31. The earnings release, investor supplement, and quarterly Form 10-Q can be accessed on the SEC website. Additionally, an update regarding reinsurance will be available on Allstate's investor site by 5 p.m. Eastern. A conference call to discuss Q1 results is scheduled for May 6 at 9:00 a.m. Eastern, with details available on Allstate’s investor website.
The Allstate Corporation (NYSE: ALL) reported estimated pre-tax catastrophe losses of $252 million for March, resulting in $54 million after-tax and expected reinsurance recoveries. These losses stemmed from six events, with a significant wind/hail event making up about 55% of the losses. Total first-quarter catastrophe losses reached $1.67 billion, mitigated by $1.08 billion in anticipated recoveries, leading to an estimated after-tax loss of $466 million.
The Allstate Corporation (NYSE: ALL) will host a conference call on May 6, 2021, at 9 a.m. Eastern to discuss Q1 2021 earnings. A current report on Form 8-K will be filed with the SEC after 4:15 p.m. Eastern on May 5, detailing quarterly results. Investors can access the earnings release and support materials at www.sec.gov and www.allstateinvestors.com. A recorded replay of the call will also be available shortly after it concludes.
The Allstate Corporation (NYSE: ALL) has finalized a $220 million agreement with Wilton Re to acquire Allstate Life Insurance Company of New York (ALNY). This move completes Allstate's exit from the life and annuity sectors, following a prior agreement to sell Allstate Life Insurance Company (ALIC) to Blackstone entities. The transaction is expected to close in the latter half of 2021, pending regulatory approval. Allstate will inject $660 million into ALNY, resulting in a projected GAAP net loss of approximately $4 billion, but will generate roughly $1.7 billion in deployable capital.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $577 million for February 2021, pre-tax. This includes costs from severe winter conditions, primarily in Texas, which had gross losses of $1.3 billion and net losses of $567 million. January 2021 saw favorable adjustments of $55 million, making Q1 catastrophe losses total $522 million pre-tax. Notably, Allstate surpassed the retention level of its nationwide aggregate reinsurance cover, concluding on March 31, 2021. For further details, visit www.allstateinvestors.com.
The Allstate Corporation (NYSE: ALL) has announced a total of approximately $26.3 million in dividends on three series of preferred stock for the period from January 15, 2021, to April 14, 2021. The dividends are payable on April 15, 2021, to shareholders on record as of March 31, 2021. The preferred stocks and their dividends include:
- Series G: 5.625% annual rate, $0.3515625 quarterly
- Series H: 5.100% annual rate, $0.3187500 quarterly
- Series I: 4.750% annual rate, $0.2968750 quarterly
The Allstate Corporation (NYSE: ALL), a leading personal lines insurer, announced that CFO Mario Rizzo will present at the virtual Raymond James 42nd Annual Institutional Investors Conference on March 1 at 11:40 a.m. EST.
Investors can access the webcast at www.allstateinvestors.com, where a replay will be available shortly after the presentation. Allstate routinely publishes financial information and material announcements on its investor relations website.
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.
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