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The Allstate (NYSE: ALL), a leading personal lines insurer, announced that Tom Wilson, its Chair, President, and CEO, will present at the William Blair Growth Stock Conference. The presentation is scheduled for 8:00 a.m. Central on Wednesday, June 5. Stakeholders can access a live webcast of the presentation at www.allstateinvestors.com, where a replay will also be available shortly after the event. Financial information and material announcements about Allstate are routinely posted on the same website.
Allstate (NYSE: ALL) announced estimated catastrophe losses for April 2024 amounting to $494 million pre-tax, or $390 million after-tax. These losses encompass 11 catastrophic events, with around 80% attributed to four major incidents involving wind, hail, or tornadoes. For more detailed financial information and material announcements, visit www.allstateinvestors.com.
AM Best has assigned indicative Long-Term Issue Credit Ratings to Allstate 's (NYSE: ALL) new shelf registration. The ratings are 'a-' for senior unsecured issues, 'bbb+' for subordinated issues, and 'bbb' for junior subordinated and preferred stock. The outlook for these ratings is stable.
AM Best has also withdrawn the ratings on Allstate's previous shelf registration, which has expired. The existing ratings of Allstate and its insurance subsidiaries remain unchanged. Allstate's financial leverage and earnings coverage align with AM Best's expectations.
This press release is available on AM Best's website, which includes detailed rating information and disclosures.
The Allstate (NYSE: ALL) has declared a quarterly dividend of $0.92 per share on its common stock. This dividend will be paid in cash on July 1, 2024, to shareholders who are recorded as of May 31, 2024.
Important financial updates and announcements are frequently posted on Allstate's investor relations website. For further information, stakeholders can refer to the original press release on Business Wire.
The Allstate (NYSE: ALL) reported financial results for the first quarter of 2024, with consolidated revenues reaching $15.3 billion, a 10.7% increase from the previous year. Net income was $1.2 billion, a significant improvement from a net loss in the prior year quarter. The company's broad-based profit improvement was driven by strong operating capabilities, lower catastrophe losses, and increased investment income. Allstate's strategy to increase auto and home insurance market share has been successful, resulting in higher new business and protection offerings. Total revenues, net income, and premiums written all saw positive growth, reflecting the company's operational excellence and focus on profitability.
