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 strong financial results for Q4 2020, with consolidated revenues rising 4.8% year-over-year to $12.0 billion and net income of $2.6 billion, marking a 52.2% increase. For the full year, net income reached $5.5 billion, up 16.7%, with adjusted net income per share up 87.5% to $5.87. The company's policies in force grew by 20.5% to 175.9 million, reflecting effective customer engagement during the pandemic. However, catastrophe losses increased by 43.7% compared to the prior year. Strong returns to shareholders included $2.4 billion in dividends and share repurchases.
The Allstate Corporation (NYSE: ALL) has released its financial results for Q4 2020 via a Form 8-K, which includes an earnings release and investor supplement. These documents will be accessible by approximately 5 p.m. Eastern on February 3, 2021, on the company’s investor website. Furthermore, Allstate will hold a conference call on February 4, 2021, at 9:00 a.m. Eastern to discuss the quarterly results, with a replay available on their website afterward.
The Allstate Corporation (NYSE: ALL) has announced the sale of Allstate Life Insurance Company (ALIC) to Blackstone-managed entities for $2.8 billion. ALIC comprises roughly 80% of Allstate’s life and annuity reserves, with a 2019 net income of $467 million and a net loss of $23 million for the first nine months of 2020. The deal, pending regulatory approval, aims to enhance Allstate’s capital deployment strategy while retaining ownership of Allstate Life Insurance Company of New York. A financial book loss of about $3.1 billion is expected in Q1 2021 due to the transaction.
The Allstate Corporation (NYSE: ALL) will hold a conference call on February 4, 2021, at 9 a.m. Eastern to discuss its fourth quarter 2020 earnings. The earnings report will be filed with the Securities and Exchange Commission on February 3, 2021, after 4:15 p.m. Eastern. Interested parties can access the earnings release and supplementary information through the SEC website or Allstate’s investor website. A replay of the conference call will be available shortly after it concludes. The company will also file its 2020 Annual Report on Form 10-K later in February.
The Allstate Corporation (NYSE: ALL) has successfully closed its $4 billion acquisition of National General Holdings Corp. This strategic move aims to enhance Allstate's market share in personal lines insurance by 1 percentage point and offers independent agents increased protection options. Additionally, the acquisition will bolster Allstate's accident and health business, contributing to a stronger overall service offering. Further details regarding this acquisition will be disclosed in Allstate's quarterly earnings call on February 4.
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The Allstate Corporation (NYSE: ALL) announced that Tom Wilson, Chair, President, and CEO, will present at the virtual Goldman Sachs U.S. Financial Services Conference on December 9, at 10 a.m. EST. Interested parties can access a webcast of the presentation via www.allstateinvestors.com, where a replay will be available shortly after. Allstate's financial information and material announcements are regularly updated on the same site.
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $345 million for October, with a post-tax impact of $273 million. The losses stemmed from 10 events, primarily Hurricane Zeta and Hurricane Delta, which contributed about 85% of total losses, totaling $324 million pre-tax. This report highlights the significant financial impact of recent catastrophic events on Allstate's operations.
The Allstate Corporation (NYSE: ALL) announced the board's approval of common and preferred quarterly dividends. A quarterly dividend of 54 cents per share on common stock will be paid on January 4, 2021, to shareholders on record by November 30, 2020. Additionally, approximately $26.3 million is declared on three series of preferred stock, with payments scheduled for January 15, 2021. This decision reflects Allstate’s strong income generation and commitment to returning cash to its shareholders.
The Allstate Corporation (NYSE: ALL) reported a strong third quarter of 2020, posting revenues of $11.5 billion, up 3.9% from the prior year. Net income applicable to common shareholders was $1.13 billion, a 26.7% increase, with diluted EPS rising to $3.58. Despite high catastrophe losses and restructuring charges, the underlying combined ratio improved to 79.7. The company's policies in force increased by 27%, driven by growth in Allstate Protection Plans, which grew by 40% year-over-year. Adjusted net income was $923 million, reflecting a slight decrease of 2.4% due to higher catastrophe losses.