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

Allstate’s Stormiest States | Allstate Newsroom

NORTHBROOK, Ill., April 26, 2023 – Extreme weather and natural disasters are becoming more frequent and severe. Communities face not only property damage, but also real danger. In 2022, there were 4,436 major hailstorms nationwide, compared to 3,763 in 2021 (according to the Insurance Information Institute). So, we tallied the top 10 states where our policyholders were … Read more

Allstate Announces March and First Quarter 2023 Catastrophe Losses, Implemented Auto Rates and Prior Year Reserve Reestimates

NORTHBROOK, Ill., April 20, 2023 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of March of $1.17 billion or $927 million, after-tax. Catastrophe losses for March events were estimated at $1.26 billion, related to 10 events, with approximately 75% of the losses related to three wind events, partially offset by … Read more