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) is a property and casualty insurance company that publicly reports a steady stream of news relevant to investors, policyholders and other stakeholders. Allstate’s releases frequently describe how the company protects people from life's uncertainties with protection for autos, homes, electronic devices and identities, and they highlight developments across its insurance, identity protection and philanthropic activities.
News for ALL stock often includes monthly catastrophe loss updates and Allstate Protection policies in force, broken out by auto, homeowners, other personal lines and commercial lines. These monthly releases, which are also furnished to the SEC via Form 8-K, give insight into catastrophe impacts and changes in policy counts over time. Investors tracking Allstate’s risk exposure and growth in policies can use this information to follow trends in the company’s core insurance operations.
Allstate’s news flow also covers quarterly earnings announcements, dividend declarations on its common and preferred stock, and details on upcoming earnings conference calls and webcasts. These items outline when financial results will be released, how to access earnings materials and where to find investor supplements and Form 8-K filings.
Beyond financial and catastrophe updates, Allstate issues news on product and program initiatives such as Allstate Scam Protection and identity protection services, as well as research-based reports like the Allstate Holiday Driver Report. The company also shares updates from The Allstate Foundation and sponsorships such as the Allstate Wuerffel Trophy, which focus on community impact, relationship abuse prevention and service-oriented recognition in college football.
By following this news page for ALL, readers can review a consolidated feed of these corporate announcements, financial updates, catastrophe summaries, workplace benefit launches, safety research and philanthropic initiatives related to The Allstate Corporation.
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
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $227 million for July, amounting to $179 million after tax. These losses originated from 18 events, costing an estimated $211 million, along with unfavorable prior period reserve estimates. This financial release highlights the potential impact of such events on the company's overall financial performance.
The Allstate Corporation reported a significant revenue increase of 21.6% to $12.6 billion in Q2 2021, driven by higher earned premiums and investment income. Net income rose 30.3% to $1.6 billion, with adjusted net income at $3.79 per share. The Property-Liability combined ratio reached 95.7, reflecting increased claims. Notably, policies in force grew 14.4%. The board approved a new $5 billion share repurchase program, enhancing shareholder returns. However, the company faced higher non-catastrophe losses and increasing accident frequency, which could impact profitability.
The Allstate Corporation (NYSE: ALL) filed a Form 8-K revealing its financial results for Q2 ending June 30, 2021. The full earnings release, investor supplement, and quarterly Form 10-Q are available on the SEC website. Additionally, Allstate will provide a reinsurance update and host a conference call on August 5 at 9:00 a.m. Eastern to discuss the quarter's performance. Interested parties can access the webcast and find further updates on www.allstateinvestors.com.
The Allstate Corporation (NYSE: ALL) has announced a quarterly dividend of 81 cents per share, payable on October 1, 2021, to shareholders on record as of August 31, 2021. This dividend is 50% higher than the previous year, reflecting the board's confidence in the company's capital position and earnings prospects, as stated by CFO Mario Rizzo. This decision marks consistency with dividends issued in the prior two quarters, reinforcing a positive outlook for investors.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $195 million for June, or $154 million after-tax. For Q2, the total catastrophe losses reached $752 million, after-tax. June's losses stemmed from 11 events, costing approximately $178 million, with three major incidents in the Midwest contributing to about 70% of the month's losses. The company continues to provide financial updates on their investor relations website.
The Allstate Corporation (NYSE: ALL) has announced a conference call scheduled for 9 a.m. Eastern on August 5, 2021, to discuss its second quarter 2021 earnings. The company will release its quarterly results in a current report on Form 8-K after 4:15 p.m. Eastern on August 4, 2021. Investors can access earnings materials via the SEC website and the Allstate investor website. A replay of the conference call will be available shortly after the event. For ongoing updates, interested parties can enroll in email alerts through the Allstate investor website.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $213 million pre-tax for May, equating to $168 million after-tax. Total catastrophe losses for April and May reached $598 million after-tax. May's losses involved seven events, primarily driven by two large hail occurrences in Texas, responsible for about 60% of the total losses. The release contains forward-looking statements that carry uncertainties and potential risks, which are detailed in the company's SEC filings.
SafeAuto has agreed to be acquired by Allstate Corporation through its subsidiary, National General. The strategic acquisition aims to enhance capabilities and distribution channels, leveraging National General's expertise in direct-to-consumer non-standard auto insurance. Co-founders Ari Deshe and Jon Diamond expressed confidence that this partnership will drive growth in the non-standard market. The transaction is anticipated to close by Q3 2021, pending regulatory approvals.