My site
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
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
With all the buzz around ChatGPT and generative AI, it’s important to remember that cloud is the underpinning. Insurers will need to replatform by migrating to the cloud to enable innovation and growth through these new and emerging technologies. At the same time, they are taking a hard look at their legacy blocks to determine … Read more
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
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
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
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
NORTHBROOK, Ill., May 3, 2023 – The Allstate Corporation (NYSE: ALL) today reported financial results for the first quarter of… The post Allstate Reports First Quarter 2023 Results appeared first on Allstate Newsroom.
NORTHBROOK, Ill., May 3, 2023 – The Allstate Corporation (NYSE: ALL) has filed a Form 8-K reporting its financial results for the quarter ended March 31, 2023. You can find the Form 8-K, including the earnings release and investor supplement, on the company’s page at sec.gov. These materials will be available by approximately 5 p.m. … Read more
For over a decade, we have pretended to be paperless. We tout the fact that the file cabinets, the 7-part specialized file folders, and massive mail rooms have all been eliminated and reduced, and claim that we are paperless. But we know it isn’t real. Today’s paper is PDFs, excels, and adobe. The filing cabinets … Read more