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) 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.
The Allstate Corporation (NYSE: ALL) has reached an agreement to acquire SafeAuto for a total of $300 million, consisting of $270 million in cash and $30 million in pre-close dividends. SafeAuto, based in Columbus, Ohio, will enhance National General’s direct-to-consumer non-standard auto insurance offerings across 28 states. This acquisition is projected to be immediately accretive to earnings and is expected to close by the end of Q3, pending regulatory approval. Allstate's integration strategy aims to lower costs and increase growth in providing affordable insurance solutions.
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The Allstate Corporation (NYSE: ALL) has announced the approval of its quarterly dividends by the board of directors. A common stock dividend of 81 cents per share will be distributed to stockholders on July 1, 2021, with a record date of June 4, 2021. Additionally, approximately $26.3 million in dividends will be paid on three series of preferred stock, with payments scheduled for July 15, 2021, to stockholders of record on June 30, 2021. This reflects Allstate's financial strength and confidence in future earnings.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $544 million for April, translating to $430 million after-tax. These losses stem from five significant events, with a large hail event in Texas and Oklahoma contributing approximately 60% of the total losses. The announcement highlights the financial impact of these events on the company’s bottom line, emphasizing the need for investors to monitor future forecasts closely due to inherent uncertainties in the estimates.
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.