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Allstate Corp - ALL STOCK NEWS

Welcome to our dedicated page for Allstate news (Ticker: ALL), a resource for investors and traders seeking the latest updates and insights on Allstate stock.

Allstate Corporation (NYSE: ALL) maintains its position as a leader in property-casualty insurance through continuous innovation and customer-focused solutions. This news hub provides authorized updates directly from one of America's largest personal lines insurers.

Access verified information about quarterly earnings, product enhancements, and strategic initiatives. Our curated collection features official press releases, regulatory disclosures, and market analyses relevant to Allstate's operations in auto, homeowners, and specialty insurance markets.

Key updates include coverage of:
• Financial performance and dividend announcements
• Regulatory developments impacting insurance operations
• Technology implementations in claims processing and risk assessment
• Community initiatives through Allstate Foundation programs

Bookmark this page for real-time updates on corporate milestones and industry leadership from the company that insures 1 in 9 US vehicles. Cross-reference official SEC filings and investor materials for complete financial context.

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A new survey by Intuit QuickBooks and Allstate Health Solutions reveals the critical role of healthcare benefits in employee retention and hiring. 78% of employees would seek new employment if their benefits package was inadequate. The survey, involving 1,000 employees from small and large businesses, found that healthcare benefits rank second only to salary when considering job offers.

Key findings include:

  • 23% of employees struggle to afford employer-provided benefits
  • 71% of workers at small companies and 63% at large companies face challenges saving long-term due to medical costs
  • 60% of employees desire a range of benefits options
  • Over 90% of employees link job satisfaction to benefits

The survey highlights the importance of competitive, affordable benefits packages in today's tight labor market.

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Allstate (NYSE: ALL) reported strong Q2 2024 results, with consolidated revenues up 12.4% to $15.7 billion. The company achieved net income of $301 million, compared to a loss in the prior year quarter. Adjusted net income was $429 million, or $1.61 per diluted share. Property-Liability premiums earned increased 11.9% to $13.3 billion, driven by higher average premiums from rate increases. The underlying combined ratio improved to 85.3, reflecting better execution of the profit improvement plan. Allstate Protection auto insurance saw improved profitability, while homeowners insurance growth reflected higher average premiums and increased policies in force. Protection Services revenues grew 12.7% to $773 million, primarily due to Allstate Protection Plans and Arity. The investment portfolio generated net investment income of $712 million, up $102 million from the prior year quarter.

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Allstate (NYSE: ALL) has reported estimated catastrophe losses for June 2024 of $230 million pre-tax ($182 million after-tax). These losses stem from 18 events, primarily due to widespread wind and hail events. For the second quarter of 2024, total catastrophe losses reached $2.12 billion pre-tax ($1.67 billion after-tax). The company's year-to-date catastrophe losses through June amounted to $2.85 billion pre-tax ($2.25 billion after-tax). Allstate regularly posts financial information and material announcements on their investor relations website.

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The Allstate (NYSE: ALL) has announced a quarterly dividend of $0.92 per share on its outstanding common stock. This dividend will be payable on Oct. 1, 2024, to stockholders of record as of the close of business on Aug. 30, 2024. The announcement demonstrates Allstate's commitment to returning value to its shareholders through regular dividend payments. Investors can find additional financial information and material announcements about Allstate on the company's investor relations website, www.allstateinvestors.com.

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Allstate is partnering with the Wuerffel Foundation to unify two prestigious college football awards for community service: the Allstate Wuerffel Trophy and the Allstate AFCA Good Works Team. The Allstate Wuerffel Trophy will honor an FBS student-athlete who excels in community service, leadership, and on-field performance. The 2024 Allstate AFCA Good Works Team has announced a record 178 nominees from colleges nationwide.

Key points:

  • The Allstate Wuerffel Trophy recipient will be announced in December
  • Only FBS players on the Allstate AFCA Good Works Team are eligible for the Wuerffel Trophy
  • The final Good Works Team will include 23 members: 11 FBS players, 11 from other divisions, and 1 honorary head coach
  • Nominees are involved in various causes, including mental health awareness and youth mentorship
  • Fan engagement is encouraged through social media with #GoodWorksTeam
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Allstate has released its 16th America's Best Drivers Report, ranking the 100 most populous U.S. urban areas based on driving behavior using anonymized data from Arity. Honolulu tops the list as the safest city for drivers, followed by Minneapolis, Seattle, Portland, and Virginia Beach. The report evaluates behaviors such as phone handling, high-speed driving, and hard braking. Notably, Honolulu drivers exhibit the fewest hard brakes and least high-speed driving, while San Jose drivers handle their phones the least. Drivewise, Allstate’s usage-based insurance program, helps users improve driving habits and save on auto insurance. Data shows Drivewise participants are 25% less likely to have severe collisions. Regional trends indicate safer speeds in the Northeast and Pacific Northwest, less phone use on the West Coast, and fewer hard brakes in the Midwest.

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The Allstate (NYSE: ALL) will conduct a second quarter 2024 earnings call and webcast on August 1, 2024, at 9 a.m. Eastern. The company will file a Form 8-K with the SEC revealing the quarterly earnings on July 31, 2024, at or after 4:15 p.m. Eastern. The earnings release and investor supplement will be accessible at www.sec.gov and www.allstateinvestors.com around 5 p.m. Eastern on the same day. The webcast will be available on Allstate's investor website, with a replay posted shortly after the call. Investors can also subscribe to email alerts and RSS feeds for timely updates on financial information from Allstate.

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A new study by Allstate, the U.S. Chamber of Commerce, and the U.S. Chamber of Commerce Foundation reveals that every $1 spent on climate resilience saves communities $13 in damages, cleanup costs, and economic impact. Modeling 25 disaster scenarios, the report shows substantial economic savings from investment in disaster resiliency, alleviating job losses, maintaining incomes, and aiding faster local economic recovery. During 2022, natural disasters cost over $360 billion globally. The study highlights that a large city's $10.8 billion pre-hurricane investment could save 184,000 jobs, $26 billion in GDP, and $17 billion in income. Additionally, preparedness investments create jobs and boost economic production even if disasters don't occur. The findings emphasize the necessity of investments to mitigate the impacts of increasing weather-related catastrophes. Key resilience measures include green infrastructure, wetlands restoration, flood barriers, and fire-resistant materials. This study underscores the vital role of preparedness in ensuring community safety and economic stability.

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AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to The Allstate 's $500 million, 5.05% senior unsecured notes due 2029. The rating outlook is stable. Existing ratings of Allstate and its insurance subsidiaries remain unchanged. AM Best, a global credit rating agency, specializes in the insurance industry and operates in over 100 countries. Further details are available on AM Best’s Recent Rating Activity web page.

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The Allstate (NYSE: ALL) has reported estimated catastrophe losses for May 2024 amounting to $1.40 billion, or $1.10 billion after-tax. These losses stem from 14 events, totaling $1.48 billion, with around 70% of the losses attributed to five significant wind and hail events, primarily affecting Texas, Colorado, and Illinois. Combined catastrophe losses for April and May reached $1.89 billion pre-tax, and the total year-to-date catastrophe losses for May were $2.62 billion pre-tax. For more details, visit www.allstateinvestors.com.

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Allstate Corp

Nasdaq:ALL

ALL Rankings

ALL Stock Data

51.60B
263.52M
0.58%
80.22%
0.92%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States
NORTHBROOK