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.
Allstate Corporation (NYSE: ALL) maintains its position as a leader in property-casualty insurance through continuous innovation and customer-focused solutions. This news hub provides authorized updates directly from one of America's largest personal lines insurers.
Access verified information about quarterly earnings, product enhancements, and strategic initiatives. Our curated collection features official press releases, regulatory disclosures, and market analyses relevant to Allstate's operations in auto, homeowners, and specialty insurance markets.
Key updates include coverage of:
• Financial performance and dividend announcements
• Regulatory developments impacting insurance operations
• Technology implementations in claims processing and risk assessment
• Community initiatives through Allstate Foundation programs
Bookmark this page for real-time updates on corporate milestones and industry leadership from the company that insures 1 in 9 US vehicles. Cross-reference official SEC filings and investor materials for complete financial context.
Allstate (NYSE: ALL) has announced the sale of its Group Health business to Nationwide for $1.25 billion in cash. The Group Health division, which provides stop-loss insurance to small businesses, generated revenues of $608 million and Adjusted Net Income of $69 million in the first nine months of 2024.
Combined with the previously announced sale of Employer Voluntary Benefits to StanCorp Financial Group, total sale proceeds will reach $3.25 billion. The transaction is expected to generate a financial book gain of approximately $450 million and increase deployable capital by $0.9 billion, while reducing adjusted net income return on equity by 75 basis points after closing in 2025.
Allstate's Individual Health business, which reported Adjusted Net Income of $18 million for the first nine months of 2024, will either be retained or combined with another company.
Allstate has announced comprehensive support measures for Southern California customers affected by wildfires. The company is facilitating claims processing through multiple digital channels, including the Allstate Mobile app, online platforms, and traditional phone services. Customers can use their mobile devices to share images or live video of damage with adjusters, enabling faster claim processing.
The Allstate Foundation has pledged $750,000 in contributions to the American Red Cross and the Center for Disaster Philanthropy to support disaster-affected communities. The company offers instant payment options for settled claims through QuickCard Pay, Fast Mobile e-Payment, and other digital methods.
Additionally, Allstate has established a Disaster Help Center and Good Hands Recovery Guide to provide insurance information, government resources, and safety tips for disaster preparation and recovery. Local Allstate agents are available to provide one-on-one support to affected residents.
Allstate (NYSE: ALL) has announced its upcoming fourth quarter 2024 earnings conference call and webcast, scheduled for February 6, 2025, at 9 a.m. ET. The company will release its financial results through a Form 8-K filing with the SEC after 4:15 p.m. ET on February 5.
The earnings release and investor supplement will be made available on both the SEC website and Allstate's Investor Relations platform. Investors can access the live conference call and subsequent webcast replay through the company's investor website. Stakeholders can stay updated on financial news and material announcements by subscribing to Allstate's email alerts and RSS feeds.
Nick Dawkins, Penn State senior offensive lineman, has been named the 2024 Allstate Wuerffel Trophy recipient and Allstate AFCA Good Works Team Captain. The three-time Academic All-Big Ten honoree founded the Dawkins Family Foundation in 2022, providing educational scholarships and enrichment opportunities for youth. The foundation offers three scholarships to high school seniors, including one honoring his late father, NBA player Darryl Dawkins.
Dawkins has established summer sports camps at the YMCA of Centre County and leads Uplifting Athletics in fundraising for rare disease research at Penn State. The Allstate Wuerffel Trophy, celebrating its 20th anniversary, recognizes FBS players who excel in community service, leadership, and on-field performance. Dawkins was selected from a record 178 nominees for the 2024 Allstate AFCA Good Works Team.
Allstate has announced dividend payments totaling $29.3 million across three preferred stock series for the period from October 15, 2024, to January 14, 2025. The dividends will be paid in cash on January 15, 2025, to stockholders of record as of December 31, 2024.
The dividend rates and quarterly amounts per depositary share are:
- Series H: 5.100% annual rate, $0.3187500 per share
- Series I: 4.750% annual rate, $0.2968750 per share
- Series J: 7.375% annual rate, $0.4609375 per share
Allstate (NYSE: ALL) reported catastrophe losses of $286 million ($226 million after-tax) for October 2024. This includes $102 million pre-tax losses from Hurricane Milton and unfavorable reserve reestimates of $144 million pre-tax related to Hurricane Helene, primarily affecting Georgia, South Carolina and North Carolina. The company's total catastrophe losses for October year-to-date reached $4.84 billion ($3.82 billion after-tax).
Allstate (NYSE: ALL) has announced that Tom Wilson, Chair, President and CEO, will present at the Goldman Sachs U.S. Financial Services Conference on Tuesday, Dec. 10 at 7:40 a.m. Central Time. The presentation will be accessible via webcast on www.allstateinvestors.com, where a replay will be available afterward. The company routinely posts financial information and material announcements on their investor website.
Allstate (NYSE: ALL) has declared a quarterly dividend of $0.92 per share on its common stock. The dividend will be paid in cash on January 2, 2025, to shareholders recorded as of November 29, 2024. The announcement was made following approval from the company's board of directors.
Allstate Health Solutions has announced a strategic partnership with Thatch, Ambetter Health, and Intuit QuickBooks to offer Individual Coverage Health Reimbursement Arrangement (ICHRA) solutions. This collaboration enables businesses to reimburse employees tax-free for individual health insurance premiums and medical expenses through off-exchange plans. The partnership introduces Ambetter Health Solutions, a new product launching in 2025 across select states, designed for individuals accessing ICHRA through their employers. QuickBooks customers with payroll subscriptions can access Allstate's platform, offering various coverage options including Association plans, ACA alternative plans, and traditional ACA plans.
Allstate and Arlo (NYSE: ARLO) have partnered to launch the Arlo Total Security bundle, a comprehensive home protection package available at a special reduced price. The bundle includes 24/7 professional monitoring, hardware components (Security System Keypad Hub, 5 All-in-One Sensors, 2 Essential 2nd Gen Outdoor cameras), and an Allstate Protection Plan with three-year extended coverage. This collaboration aims to provide affordable and connected protection for homeowners, particularly during the holiday season.
FAQ
What is the current stock price of Allstate (ALL)?
What is the market cap of Allstate (ALL)?
