Welcome to our dedicated page for The Allstate Corporation news (Ticker: ALL), a resource for investors and traders seeking the latest updates and insights on The Allstate Corporation stock.
The Allstate Corporation (NYSE: ALL) is one of the largest property and casualty insurers in the United States. Renowned for its slogan “You’re in Good Hands with Allstate®”, the company offers a comprehensive range of insurance products and services, including personal auto insurance, homeowners insurance, life insurance, and identity protection. Allstate operates primarily in North America through a vast network of about 10,000 company agencies, ensuring extensive coverage and customer service.
In recent financial news, Allstate has shown robust performance. The company's board of directors approved a quarterly dividend increase to $0.92 per share, reflecting their commitment to rewarding shareholders and indicating financial strength. For the first quarter of 2024, Allstate reported consolidated revenues of $15.3 billion, a 10.7% increase from the previous year, and an adjusted net income of $1.4 billion. These figures highlight the company's solid profitability and effective management strategies.
Allstate’s product innovation remains at the forefront with offerings like Drivewise®, a usage-based insurance feature that promotes safe driving. Data reveals that Drivewise customers are 25% less likely to have severe collisions, making it a significant value proposition for policyholders.
On the strategic front, Allstate has been proactive in implementing rate increases to counter inflationary trends and ensure sustainable profitability. The company announced rate increases for auto and homeowners insurance, contributing to a substantial rise in gross written premiums.
Allstate continues to be a key player in the insurance industry, demonstrating resilience and adaptability amidst market fluctuations. With a strong focus on customer protection and innovative solutions, Allstate is well-positioned to maintain its leadership and drive future growth.
The Allstate Corporation (NYSE: ALL) will host a conference call and webcast on March 17, 2022, at 9 a.m. Eastern to discuss the current auto insurance operating environment. This event marks the first of several investor calls scheduled for 2022, aimed at providing deeper insights into strategic and operational matters. The call will feature presentations from executive leaders and is expected to conclude by 10 a.m. A replay will be available shortly after the event on www.allstateinvestors.com.
Allstate Identity Protection (AIP) has launched a quarterly report titled “Identity Fraud in Focus” to address the growing prevalence of identity theft and online fraud. In Q4 2021, cases of identity fraud surged by 11%, with new credit and loan accounts fraud increasing by 61% year-over-year. Despite the rise in these types of fraud, AIP reported a decline in unemployment and tax fraud, which constituted 1% and 0.6% of total efforts, respectively. The report highlights emerging threats and encourages vigilance as tax season approaches.
The Allstate Corporation (NYSE: ALL) announced that CFO Mario Rizzo will present at the Raymond James Annual Institutional Investors Conference on Tuesday, March 8, at 8:40 a.m. Eastern. A webcast of the event will be available on www.allstateinvestors.com, with a replay posted shortly after the presentation concludes. The company regularly shares financial updates and significant announcements on this platform.
The Allstate Corporation (NYSE: ALL) has declared a quarterly dividend of $0.85 per common share, reflecting a 4.9% increase from the previous quarter. This dividend will be payable on April 1, 2022, to shareholders on record as of February 28, 2022. Additionally, Allstate announced approximately $26.3 million in preferred dividends, payable on April 15, 2022. Over the past five years, Allstate has returned more than $13.7 billion to its shareholders, showcasing its commitment to provide significant cash returns while executing its $5 billion share repurchase program.
The Allstate Corporation (NYSE: ALL) will have its Chair, President, and CEO, Tom Wilson, present virtually at the Bank of America Securities 2022 Insurance Conference on February 15 at 1 p.m. Eastern. The presentation will be accessible via webcast at www.allstateinvestors.com, where a replay will also be available shortly after the event. Allstate routinely updates its financial information and major announcements on its investor relations site.
The Allstate Corporation (NYSE: ALL) reported Q4 2021 results, showing consolidated revenues of $13.0 billion, up 18.7% year-over-year, and full-year revenues of $50.6 billion, a 20.7% increase. However, net income applicable to common shareholders dropped 69.6% to $790 million, primarily due to lower underwriting income and increased catastrophe losses. Despite this, policies in force rose by 9.8% to nearly 191 million. Allstate's strategy includes raising auto insurance premiums by 2.9% to offset rising claim costs due to inflation, while also focusing on cost reductions and market share growth.
The Allstate Corporation (NYSE: ALL) has filed a Form 8-K detailing its financial results for the quarter ending December 31, 2021. The earnings release and investor supplement will be available on the SEC's website and the Allstate investor relations page by 5 p.m. Eastern. Furthermore, Allstate will host a conference call on February 3 at 9 a.m. Eastern to discuss these results. Shareholders can access the webcast live and later as a replay on their investor site.
The Allstate Corporation (NYSE:ALL) reported estimated catastrophe losses of
The Allstate Corporation (NYSE: ALL) will hold a conference call on Feb. 3, 2022, at 9 a.m. Eastern to discuss its fourth quarter 2021 earnings. Quarterly results will be reported via a Form 8-K after 4:15 p.m. Eastern on Feb. 2, 2022. Investors can access earnings materials on the SEC website or through Allstate's investor website. A replay of the call will be available shortly after it concludes. The company's 2021 Annual Report will be filed later in February.
The Allstate Corporation (NYSE: ALL) declared approximately $26.3 million in dividends on three series of preferred stock for the period from Oct. 15, 2021 to Jan. 14, 2022. The dividends, payable in cash on Jan. 18, 2022, are distributed as follows: Series G at 5.625% ($0.3515625), Series H at 5.100% ($0.3187500), and Series I at 4.750% ($0.2968750). Stockholders of record by the close of business on Dec. 31, 2021 are eligible for payment.
FAQ
What is the current stock price of The Allstate Corporation (ALL)?
What is the market cap of The Allstate Corporation (ALL)?
What types of insurance does Allstate offer?
How does Drivewise® benefit customers?
What recent financial achievements has Allstate reported?
How many agencies does Allstate have in North America?
What recent dividend changes has Allstate made?
What partnerships has Allstate recently announced?
What measures has Allstate taken to counter inflation?
What is Allstate's standing in the property and casualty insurance market?
Where can investors find Allstate's financial information?
What is the significance of Allstate's slogan?
