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The Allstate Corporation - ALL STOCK NEWS

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.

News

Allstate Announces March and First Quarter 2024 Catastrophe Losses and Implemented Rates

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The Allstate (NYSE: ALL) reported estimated catastrophe losses of $328 million for March, with a total of $731 million for the first quarter. Rate increases for auto and homeowners insurance were implemented, resulting in premium impacts and higher gross written premiums.
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Allstate Customers Using Safe Driving App Have 25% Fewer Severe Collisions

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Allstate customers using the safe driving app Drivewise have 25% fewer severe collisions, showing safer driving behaviors compared to other drivers. The app provides feedback on driving habits, leading to potential insurance savings and promoting road safety.
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Allstate to discuss first quarter 2024 earnings with investors

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The Allstate (NYSE: ALL) will discuss first quarter 2024 earnings in a conference call and webcast on May 2, 2024. Quarterly results will be announced on May 1, with materials available on the SEC website and www.allstateinvestors.com.
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Allstate Announces February 2024 Catastrophe Losses and Implemented Rates

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The Allstate (NYSE: ALL) reports lower-than-expected catastrophe losses for February 2024. Rate increases in auto and homeowners insurance have impacted premiums positively. Homeowners insurance saw a significant 12.4% increase in gross written premiums due to rate hikes and inflation in insured home replacement costs.
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Allstate Announces Quarterly Dividends

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The Allstate Corporation (NYSE: ALL) has increased its quarterly dividend by $0.03, or 3.4%, per share compared to the previous quarter. The company also declared quarterly preferred dividends, showcasing its commitment to rewarding shareholders and financial strength.
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Allstate Announces January 2024 Catastrophe Losses and Implemented Rates

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The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $276 million in January, driven by two events. Rate increases in auto and homeowners insurance are expected to raise annualized written premiums significantly. The company continues to pursue profit improvement plans.
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Allstate CFO to Present at Raymond James Annual Institutional Investors Conference

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The Allstate Corporation (NYSE: ALL) CFO to present at Raymond James Annual Institutional Investors Conference. Webcast available at www.allstateinvestors.com.
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The Allstate Corporation Announces Availability of Fourth Quarter 2023 Results

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The Allstate Corporation (NYSE: ALL) has filed a Form 8-K reporting its financial results for the quarter ended Dec. 31, 2023. The company's financial materials, including the earnings release and investor supplement, are available at sec.gov and www.allstateinvestors.com. The Allstate Corporation will host a conference call and webcast on Feb. 8 to discuss fourth-quarter results.
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Allstate Reports Fourth Quarter 2023 Results

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The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter of 2023, with consolidated revenues of $14.8 billion, a 8.7% increase from the prior year. Net income applicable to common shareholders was $1.5 billion, compared to a loss of $303 million in the prior year quarter. Allstate Protection auto insurance results reflect the impact of inflation in loss costs and the comprehensive plan to restore margins through higher rates, lower expenses, underwriting actions, and claims process enhancements. Allstate Protection homeowners insurance growth reflects higher rates and policies in force growth, driven by National General and Allstate brand. Allstate Protection Plans is broadening protection solutions in the U.S. and through international growth. Allstate will continue increasing shareholder value by improving profitability and generating long-term profitable growth.
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Allstate Announces Fourth Quarter 2023 Catastrophe Losses, Prior Year Reserve Reestimates, and December and Fourth Quarter 2023 Implemented Rates

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Allstate Corporation (ALL) announces Q4 estimated catastrophe losses of $68 million, prior year reserve reestimates of $199 million, and implemented auto rate increases of 16.5%. The company expects annualized written premiums to increase by $4.27 billion for auto insurance and $1.16 billion for homeowners insurance.
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FAQ

What is the current stock price of The Allstate Corporation (ALL)?

The current stock price of The Allstate Corporation (ALL) is $193.56 as of December 20, 2024.

What is the market cap of The Allstate Corporation (ALL)?

The market cap of The Allstate Corporation (ALL) is approximately 50.4B.

What types of insurance does Allstate offer?

Allstate offers a range of insurance products including auto, homeowners, life, electronic device, benefits, and identity protection.

How does Drivewise® benefit customers?

Drivewise® is a usage-based insurance feature that provides safe driving feedback, helping customers save money and reduce the likelihood of severe collisions.

What recent financial achievements has Allstate reported?

For the first quarter of 2024, Allstate reported revenues of $15.3 billion, a 10.7% increase from the previous year, and an adjusted net income of $1.4 billion.

How many agencies does Allstate have in North America?

Allstate operates through approximately 10,000 company agencies in North America.

What recent dividend changes has Allstate made?

Allstate's board approved a quarterly dividend increase to $0.92 per share, showcasing their commitment to shareholder returns.

What partnerships has Allstate recently announced?

Allstate recently partnered with Donut Media, becoming the official insurance partner and sponsor of the popular series “HiLow.”

What measures has Allstate taken to counter inflation?

Allstate has implemented rate increases for auto and homeowners insurance to manage inflationary trends and sustain profitability.

What is Allstate's standing in the property and casualty insurance market?

Allstate is one of the largest property and casualty insurers in the U.S., renowned for its robust product offerings and extensive agency network.

Where can investors find Allstate's financial information?

Allstate routinely posts financial information, including material announcements, on their investor relations website at www.allstateinvestors.com.

What is the significance of Allstate's slogan?

Allstate's famous slogan, 'You’re in Good Hands with Allstate®', underscores its commitment to providing reliable and comprehensive protection for its customers.

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The Allstate Corporation

NYSE:ALL

ALL Rankings

#259 Ranked by Market Cap
#1438 Ranked by Dividends

ALL Stock Data

50.44B
263.22M
0.58%
79.97%
0.76%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States of America
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