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The Allstate Corporation (NYSE: ALL) provides property-casualty and protection products for autos, homes, electronic devices and identities through Allstate agents, independent agents, major retailers, online channels and workplace offerings. News about Allstate commonly covers personal auto and homeowners growth, Protection Services offerings, identity theft protection, mobile app features and distribution initiatives.
Company updates also include quarterly earnings, Property-Liability combined ratio trends, investment income, share repurchases and dividends, monthly catastrophe-loss estimates from weather events, policies in force and brand or community programs such as the Allstate NACDA Good Works Team.
Allstate and the National Association of Collegiate Directors of Athletics (NACDA) have announced 207 student-athlete nominees for the inaugural Allstate NACDA Good Works Team (Spring). The program has expanded to recognize both male and female student-athletes across 13 spring sports for their community service, academic excellence, and athletic achievement.
The nominees represent various sports including baseball, softball, tennis, golf, lacrosse, and track & field. Their community service initiatives range from pediatric cancer research to mental health awareness and youth mentorship. A selection committee will choose the final 20-member team - 10 female and 10 male student-athletes - to be announced on April 29.
This expansion follows the winter team's 193 nominations, where Auburn gymnast Sophia Groth became the first female captain. The Good Works Team now recognizes 60 student-athletes annually across fall, winter, and spring seasons.
The Standard has successfully completed its acquisition of Allstate's Employer Voluntary Benefits business, as announced on August 13, 2024. The deal includes a future distribution partnership enabling The Standard's products and services to reach Allstate customers.
The acquisition primarily involves American Heritage Life Insurance Company, which will eventually operate under The Standard brand. Dan McMillan, president and CEO of The Standard, emphasized that this strategic move will accelerate their growth and deliver one of the market's most comprehensive workplace benefits portfolios.
Both companies, recognized as leading workplace benefits providers, are focusing on ensuring a seamless transition for clients and partners while maintaining their shared commitment to customer service.
Allstate (NYSE: ALL) has completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group (The Standard) for $2.0 billion. The transaction is expected to generate a financial book gain of approximately $625 million.
This sale, combined with the previously announced Group Health business sale, is projected to yield total proceeds of $3.25 billion in 2025. The strategic move aims to enhance Allstate's focus on increasing personal property-liability market share and expanding protection services.
The proceeds will support Allstate's disciplined capital management approach, including the recently announced share repurchase program.
Allstate (NYSE: ALL) has announced its upcoming first-quarter 2025 earnings conference call and webcast, scheduled for May 1, 2025, at 9 a.m. ET. The company will release its Q1 2025 financial results through a Form 8-K filing with the SEC after 4:15 p.m. ET on Wednesday, April 30.
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 webcast replay through the company's investor website, where they can also subscribe to email alerts and RSS feeds for financial news and material announcements.
Allstate (NYSE: ALL) has reported its catastrophe losses for February 2025. The company incurred estimated catastrophe losses of $92 million ($73 million after-tax) for the month. The year-to-date catastrophe losses through February reached $1.17 billion ($922 million after-tax).
Allstate Identity Protection reveals concerning trends in tax-related identity theft, with 64% of Americans worried about scammers stealing their personal information to file fraudulent tax returns. The survey highlights that 40% of identity restoration cases occur during tax season, making it a prime time for fraud.
The company offers protection plans starting at $3/month, featuring tax refund guarantees and up to $1 million in identity theft-related cost reimbursement. Key findings show that one in five Americans (20%) are more concerned about tax-related identity theft this year, while 44% maintain the same high level of concern as previous years.
Major concerns stem from:
- News about rising tax fraud (43%)
- IRS delays and staffing shortages (42%)
- Rise in AI-powered fraud (42%)
Allstate and the National Association of Collegiate Directors of Athletics (NACDA) have announced their first-ever Allstate NACDA Good Works Team (Winter), recognizing 20 exceptional student-athletes across winter collegiate sports for their achievements in community service, athletics, and academics.
Auburn gymnast Sophia Groth has been named the first female team captain. As president of Auburn's Student-Athlete Advisory Committee, Groth has led community outreach initiatives including The Big House Toy Drive.
The program expands on the Allstate AFCA Good Works Team tradition to now include all sanctioned national championship sports, aiming to recognize 60 student-athletes annually across fall, winter, and spring seasons. Notable honorees include:
- Audrey Wethington (Minnesota, Hockey): Contributed 1,000+ hours to heart research
- Sion James (Duke, Basketball): Founded charity delivering 1,800 toys to children
- Colby Kern (Saint John's University, Swimming): Led meal-packing events providing 90,000 meals
Allstate (NYSE: ALL) has appointed Andréa Carter as Executive Vice President and Chief Human Resources Officer, effective May 12. Carter will spearhead Allstate's strategy for workforce management, focusing on attracting, developing, and retaining high-performing talent globally.
Carter brings nearly 30 years of experience to the role, most recently serving as Chief Human Resources Officer at Global Payments Inc. Her career includes HR leadership positions at notable organizations including Habitat for Humanity, Ralph Lauren, Newell Rubbermaid, and The Home Depot. She currently serves on the board of Churchill Downs Inc. and holds a bachelor's degree from Tennessee State University.
Allstate (NYSE: ALL) has announced significant shareholder returns through dividend increases and a new share repurchase program. The board approved an 8.7% increase in quarterly common stock dividend to $1.00 per share, payable April 1, 2025. Additionally, the company authorized a $1.5 billion share repurchase program effective through September 30, 2026.
The company also declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from January 15, 2025, through April 14, 2025, payable on April 15, 2025. CFO Jess Merten emphasized that these actions reflect Allstate's strong financial position and confidence in their strategy.
Allstate (NYSE: ALL) has announced that Chief Financial Officer Jess Merten will deliver a presentation at the Raymond James 46th Annual Institutional Investors Conference on Tuesday, March 4, at 7:40 a.m. Central Time.
Investors and interested parties can access the presentation through a live webcast on www.allstateinvestors.com. A replay of the presentation will be made available on the same website shortly after its conclusion. The company regularly posts financial information and material announcements on their investor relations website.