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 Big Homecoming Festival, co-created by Grammy winners Amir Windom and Maurice Slade, is launching Phase II with The 365 Impact Tour, aimed at supporting Historically Black Colleges and Universities (HBCUs). Major partners like Walmart (WMT), Wells Fargo (WFC), and Allstate (ALL) will provide resources to enhance education, leadership, financial literacy, health, and entrepreneurship among students. The tour kicks off on September 13, 2022, at North Carolina A&T University, continuing efforts to celebrate and sustain the legacy of Black excellence through community engagement.
The Allstate Corporation (NYSE: ALL), a major personal lines insurer, has announced that Tom Wilson, its Chair, President, and CEO, will present at the Barclays Global Financial Services Conference on Tuesday, Sept. 13, at 9:45 a.m. Eastern Time. Interested parties can access a live webcast of the presentation at www.allstateinvestors.com. A replay will be available shortly after the event. Financial updates and crucial announcements regarding Allstate are also regularly posted on the same site.
The Allstate Corporation (NYSE: ALL) announced a total of $26.3 million in dividends on three series of preferred stock for the period from July 15, 2022 to October 14, 2022. The announced dividends are payable in cash on October 17, 2022, to stockholders on record as of September 30, 2022. The breakdown includes:
- Series G: 5.625% yielding $0.3515625 per share
- Series H: 5.100% yielding $0.3187500 per share
- Series I: 4.750% yielding $0.2968750 per share
Allstate announces leadership changes with Mario Rizzo succeeding Glenn Shapiro as President of Property-Liability, effective Sept. 1. Shapiro, who is retiring after leading the division since 2018, contributed to the company's Transformative Growth strategy and navigated inflation impacts on auto insurance. Jess Merten will take over as Chief Financial Officer, bringing extensive operational experience. Allstate aims to enhance auto insurance margins and maintain momentum in digital transformation, emphasizing its purpose-driven leadership.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $223 million for July, with $176 million after-tax. The month saw 12 events, mainly wind and hail, leading to total estimated losses of $233 million, slightly offset by favorable reserve adjustments. Allstate implemented a total of 64 rate increases averaging 9.0% since the year's start, adding $240 million in July alone. The company plans further rate actions in response to inflation in auto insurance costs.
The Allstate Corporation (NYSE: ALL) is set to host a conference call and webcast on September 1, 2022, at 9:00 a.m. Eastern time. This event will focus on Allstate's investment strategy and is aimed at providing deeper insights into significant strategic and operational topics.
The hourlong call will feature presentations, discussions with executive leaders, and a Q&A session. An archived version of the webcast will be available later on www.allstateinvestors.com.
The Allstate Corporation (NYSE: ALL) reported a net loss of $1.04 billion for Q2 2022, a stark contrast to a net income of $1.60 billion in Q2 2021, primarily due to higher catastrophe losses and increased claims severity. Consolidated revenues fell 3.4% to $12.2 billion. The property-liability combined ratio rose to 107.9 from 95.7, indicating higher underwriting losses. However, property-liability premiums increased by 8.6%. The company plans to improve profitability through price increases, underwriting restrictions, and cost reductions, while returning $919 million to shareholders through dividends and repurchases.
The Allstate Corporation (NYSE: ALL) filed a Form 8-K disclosing its financial results for the quarter ending June 30, 2022. Key documents can be found on the company's SEC page. A reinsurance update is also set for release on the company website around 5 p.m. Eastern on August 4. Additionally, a conference call and webcast to discuss second-quarter results will be hosted at 9 a.m. Eastern on the same day. Interested parties can access the webcast and subsequent replay at the company’s investor site.
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.