Life Property & Health insurers Reveal Tech Strategies | Insurance Blog

The tech-powered operating model research shows that a broad enterprise technology strategy is crucial for business success. Part of that success comes from a leader’s ability to scale technology to drive exceptional customer experiences and new value propositions. In support of such an endeavor, insurers, driven by speed to market with new and differentiated products, … Read more

Allstate Announces May 2023 Catastrophe Losses and Implemented Auto Rates

NORTHBROOK, Ill., June 15, 2023 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax. May month catastrophe losses include 12 events estimated at $893 million, with approximately 70% of the losses related to two wind and hail events, partially offset by favorable … Read more

Allstate Returns Cash to Shareholders through Dividends

NORTHBROOK, Ill., May 22, 2023 – The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved a quarterly dividend of $0.89 per outstanding common share. Allstate also declared the payment of quarterly preferred dividends. Common Stock Dividends Allstate declared a quarterly dividend of $0.89 on each outstanding share of the corporation’s … Read more

Allstate Announces April 2023 Catastrophe Losses and Implemented Auto Rates

NORTHBROOK, Ill., May 18, 2023 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April of $799 million or $631 million, after-tax. April month catastrophe losses include 12 events estimated at $872 million, with approximately 60% of the losses related to two wind and hail events, partially offset by favorable … Read more

Allstate: Replacements of Catalytic Converters up Nearly 1,200% Since 2019

The latest numbers from Allstate show that catalytic converter replacements among its customers grew 1,155% nationally between 2019 and 2022. You read that right: Over a thousand percent!  And Allstate is not alone in this epidemic. According to the National Insurance Crime Bureau, an insurance industry trade organization, catalytic converter thefts nationwide increased 1,215% between … Read more

Allstate Prices Series J Preferred Shares

NORTHBROOK, Ill., May 16, 2023 – The Allstate Corporation (NYSE: ALL) announced that on May 15, 2023 it priced a $600 million public offering of 7.375% Fixed Rate Noncumulative Perpetual Preferred Stock, Series J (Series J Preferred Stock). The company intends to use the net proceeds for general corporate purposes, due to the redemption of … Read more