Recent News About Allstate
Allstate declares $29.3 million in preferred dividends
By A. K. Howerter | May 30, 2024
Allstate declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from April 15, 2024, through July 14, 2024. All the preferred dividends are payable in cash on July 15, 2024, to stockholders of record at the close of business on June 28, 2024.
Allstate announces April 2024 catastrophe losses totaling $494 million
By A. I. Benavidez | May 16, 2024
The Allstate Corporation (NYSE: ALL) has disclosed its estimated catastrophe losses for April 2024, amounting to $494 million before tax and $390 million after tax. The losses are said to encompass 11 events, estimated at $491 million, with roughly 80% of the losses attributed to four wind, hail or tornadic events.
Allstate CEO to present at William Blair Growth Stock Conference
By M. N. Tirado | May 16, 2024
The Allstate Corporation, a leading publicly held personal lines insurer in the United States, has announced that its Chair, President and Chief Executive Officer, Tom Wilson, will be presenting at the William Blair Growth Stock Conference. The conference is scheduled for 8:00 a.m. Central on Wednesday, June 5.
Allstate Corporation announces $0.92 quarterly dividend per share
By J. D. Suayan | May 14, 2024
NORTHBROOK, Ill., May 14, 2024 – The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved a quarterly dividend of $0.92 on each outstanding share of the corporation’s common stock. This dividend will be payable in cash on July 1, 2024, to stockholders of record at the close of business on May 31, 2024.
The Allstate Corporation Releases First Quarter 2024 Financial Results
By Business Daily | May 1, 2024
The Allstate Corporation announced the availability of its first quarter 2024 results on May 1, 2024. According to a Form 8-K filed by the company, the financial results for the quarter ended March 31, 2024, are now public. The company's page at sec.gov and www.allstateinvestors.com provide access to the Form 8-K, earnings release, investor supplement, and press release.In a statement, the company highlighted that interested parties can visit www.allstateinvestors.com to access the materials related to the first quarter results. Additionally, The Allstate Corporation will...
Allstate Announces March and First Quarter 2024 Catastrophe Losses and Implemented Rates
By Business Daily | Apr 18, 2024
NORTHBROOK, Ill., April 18, 2024 – The Allstate Corporation (NYSE: ALL) released information regarding their March and first quarter 2024 catastrophe losses and implemented rates.According to the Allstate Corporation, the March month catastrophe losses totaled $328 million or $259 million after-tax. These losses stemmed from six events, with the majority of the losses, approximately 80%, attributed to one hail event. These losses were partially offset by favorable reserve reestimates for prior events.The total catastrophe losses for the first quarter of 2024 amounted to...
Allstate Customers Using Safe Driving App Have 25% Fewer Severe Collisions
By Business Daily | Apr 17, 2024
NORTHBROOK, Ill., April 17, 2024 – Allstate customers who opt into the Allstate app's safe driving features are experiencing a significant decrease in severe collisions. According to Allstate and its mobility data and analytics partner Arity, those who choose to use Drivewise are 25% less likely to have a severe collision than those who don't. Driving behavior research from Arity also indicates that Drivewise customers exhibit safer driving habits compared to other connected drivers, handling their phones less, speeding less, and hard braking less by as much as 44%.Ginger...
Allstate to Discuss First Quarter 2024 Earnings with Investors
By Business Daily | Apr 3, 2024
NORTHBROOK, Ill., April 3, 2024 – The Allstate Corporation (NYSE: ALL) has announced that they will be hosting a conference call and webcast on Thursday, May 2, 2024, at 9 a.m. Eastern to discuss their first quarter 2024 earnings.In a statement, The Allstate Corporation stated, "The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. Eastern on Thursday, May 2, 2024, to discuss first quarter 2024 earnings."The company also informed investors that they plan to file a current report on Form 8-K with the Securities and Exchange Commission,...
Allstate Announces February 2024 Catastrophe Losses and Implemented Rates
By Business Daily | Mar 21, 2024
NORTHBROOK, Ill., March 21, 2024 – The Allstate Corporation disclosed that their "estimated catastrophe losses were below the $150 million reporting threshold for February 2024." The company also revealed that "Rate increases for Allstate brand auto insurance resulted in a premium impact of 0.1% for the month of February and 1.5% year-to-date," as well as stating that "Rate increases for Allstate brand homeowners insurance have resulted in a premium impact of 2.4% for the month of February and 2.7% year-to-date." Additionally, they mentioned that "Implemented rate increases...
Allstate Increases Quarterly Dividends by 3.4%
By Business Daily | Feb 23, 2024
The Allstate Corporation has recently announced an increase in its quarterly dividends, as reported on February 23, 2024. The board of directors approved a quarterly dividend of $0.92 per share on February 22, 2024, marking a $0.03 increase, or 3.4%, compared to the previous quarter."Allstate’s increase in common dividend per share reflects our ongoing commitment to reward our shareholders, and shows Allstate’s continued financial strength," stated Jess Merten, Allstate’s Chief Financial Officer.The company declared a quarterly dividend of $0.92 on each outstanding...
Allstate Announces $276 Million Catastrophe Losses and Implemented Rates
By Business Daily | Feb 15, 2024
The Allstate Corporation has revealed that it experienced estimated catastrophe losses of $276 million in the month of January 2024. After-tax, these losses amounted to $218 million. The majority of these losses were driven by two events, which accounted for approximately 80% of the total losses. However, these losses were partially offset by favorable reserve reestimates for previous events.In light of these losses, Allstate continues to pursue rate increases in order to improve profitability in its auto insurance sector and keep up with loss cost trends. Jess Merten,...
Allstate CFO to Present at Raymond James Annual Institutional Investors Conference
By Business Daily | Feb 14, 2024
NORTHBROOK, Ill., Feb. 14, 2024 – The Allstate Corporation (NYSE: ALL) has announced that Jess Merten, the company's Chief Financial Officer, will be presenting at the Raymond James Annual Institutional Investors Conference on Monday, March 4. The presentation is scheduled to take place at 7:40 a.m. Central time.This conference is an important event for institutional investors, and Allstate's participation underscores the company's commitment to keeping its stakeholders informed about its financial performance and strategic direction. The presentation by Jess Merten will...
The Allstate Corporation Announces Fourth Quarter 2023 Results
By Business Daily | Feb 7, 2024
The Allstate Corporation has announced the availability of its fourth-quarter 2023 financial results. The company filed a Form 8-K, which includes the earnings release and investor supplement, with the Securities and Exchange Commission (SEC). Interested parties can access these materials on the company's page at sec.gov or at www.allstateinvestors.com.In a press release, The Allstate Corporation stated that it will be hosting a conference call and webcast on Thursday, February 8, at 9 a.m. Eastern Time to discuss the fourth-quarter results. Investors and analysts are...