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) 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
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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.
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.