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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.

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The Allstate Corporation (NYSE: ALL) has announced a quarterly dividend of $0.89 per outstanding common share, payable on July 3, 2023. Additionally, Allstate declared approximately $18.2 million in aggregate dividends on two series of preferred stock for the dividend period from April 15, 2023, through July 14, 2023.
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The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses for March totaling $1.17 billion or $927 million after-tax. March saw losses estimated at $1.26 billion from 10 events, mainly from three wind events. For Q1, pre-tax catastrophe losses reached $1.69 billion. In March, Allstate raised auto insurance rates by 7.6% across ten locations, resulting in a 0.5% brand premium impact. Year-to-date, auto rate hikes have resulted in $454 million in annualized written premiums. Furthermore, a 6.9% auto insurance rate increase is anticipated for implementation in April, effective June 2023. However, unfavorable prior year reserve reestimates totaled $27 million in Q1, primarily due to commercial insurance adjustments.

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The Allstate Corporation (NYSE: ALL) will hold a conference call and webcast to discuss its first quarter 2023 earnings on May 4, 2023, at 9 a.m. Eastern. A current report on Form 8-K will be filed with the Securities and Exchange Commission after 4:15 p.m. Eastern on May 3, 2023. Investors can access Allstate's quarterly results, earnings release, and investor supplement via the SEC website or Allstate's investor site shortly after filing. The investor webcast will also be available for replay after the call. Alerts about Allstate can be received by enrolling on the investor site.

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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.

The Allstate Corporation

NYSE:ALL

ALL Rankings

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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