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Allstate Corp (ALL)

ALL on New York Consolidated

90.53USD
22 Sep 2017
Change (% chg)

$-0.14 (-0.15%)
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$90.67
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Latest Key Developments (Source: Significant Developments)

Allstate says ‍estd catastrophe losses, net of reinsurance recoveries, for month of Aug of $593 mln, pre-tax
Thursday, 21 Sep 2017 09:06am EDT 

Sept 21 (Reuters) - Allstate Corp :Allstate - ‍estimated catastrophe losses, net of reinsurance recoveries, for month of August of $593 million, pre-tax ($385 million after-tax) - SEC filing​.Allstate Corp - ‍Hurricane Harvey estimated losses include approximately 55 percent related to auto coverages​.  Full Article

Allstate and Truamerica Multifamily JV acquires Escondido apartment community
Monday, 7 Aug 2017 11:00am EDT 

Aug 7 (Reuters) - Allstate Corp ::Truamerica multifamily/allstate joint venture acquires escondido apartment community.In a joint venture with co, Truamerica acquired 519-unit eagles point apartment community in Escondido for about $90 million​.  Full Article

Allstate delivers strong second quarter operating performance
Tuesday, 1 Aug 2017 09:21pm EDT 

Aug 1 (Reuters) - Allstate Corp :Allstate delivers strong second quarter operating performance.Q2 earnings per share $1.49.Q2 revenue rose 4.6 percent to $9.6 billion.Q2 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.Q2 operating earnings per share $1.38.Says allstate investments generated net investment income of $897 million, which was 17.7 percent above prior year quarter.Board approves $2.0 billion share repurchase program.  Full Article

Allstate Q2 earnings per share $1.49
Tuesday, 1 Aug 2017 05:09pm EDT 

Aug 1 (Reuters) - Allstate Corp ::Q2 earnings per share $1.49.Q2 revenue rose 4.6 percent to $9.6 billion.Q2 earnings per share view $0.88, revenue view $8.31 billion -- Thomson Reuters I/B/E/S.Q2 operating earnings per share $1.38.Allstate Corp - board approves $2.0 billion share repurchase program.Allstate - new share repurchase program will begin following completion of current program, is expected to conclude by february 2019.Allstate - "we are planning to adopt a new segment reporting structure effective in q4 2017".  Full Article

Allstate says estimated June catastrophe losses $355 mln
Thursday, 20 Jul 2017 08:20am EDT 

July 20 (Reuters) - Allstate Corp ::Allstate Corp - ‍announced estimated catastrophe losses for month of June 2017 of $355 million, pre-tax - SEC filing​.Allstate- June catastrophe losses had 17 events at estimated cost of $310 million, pre-tax, plus unfavorable reserve reestimates of prior catastrophe losses.  Full Article

CIT BANK enters into strategic partnership with Allstate
Monday, 10 Jul 2017 04:52pm EDT 

July 10 (Reuters) - CIT Bank ::CIT Bank (not cit group inc) - CIT Northbridge will be a financial partner for middle-market companies.CIT Bank enters into strategic partnership with Allstate.CIT Bank - joint venture will provide revolving, term-loan commitments from $15 million to $100 million to middle-market companies across various industries, business cycles.CIT Bank - CIT Asset Management LLC will serve as investment advisor to the joint venture.  Full Article

Allstate says entered share repurchase agreement with Goldman Sachs & Co. LLC
Tuesday, 13 Jun 2017 04:37pm EDT 

June 13 (Reuters) - Allstate Corp :Allstate - on June 9, 2017, co entered into share repurchase agreement with Goldman Sachs & Co. LLC to purchase $250 million of outstanding common stock.Allstate Corp - agreement is part of registrant's repurchase program totaling $1.5 billion that was announced on may 4, 2016.Allstate Corp - expected that Goldman will purchase shares that it delivers under agreement in market no later than August 17, 2017.  Full Article

Allstate Q1 earnings per share $1.79
Tuesday, 2 May 2017 05:41pm EDT 

May 2 (Reuters) - Allstate Corp ALL.N::Q1 earnings per share $1.79.Allstate Corp - qtrly book value per common share $52.41 versus $48.89 last year.Says total revenue of $9.4 billion in Q1 of 2017 increased by 6.3% compared to prior year quarter.Allstate Corp - qtrly operating earnings per share $1.64.Q1 earnings per share view $1.10 -- Thomson Reuters I/B/E/S.Allstate Corp qtrly catastrophe losses $781 million versus $827 million last year.Says Q1 property-liability insurance premiums $7.96 billion versus $7.72 billion.  Full Article

Allstate's estimated catastrophe losses for March was $516 million
Thursday, 20 Apr 2017 08:02am EDT 

April 20 (Reuters) - Allstate Corp :Estimated catastrophe losses for month of March 2017 of $516 million, pre-tax ($335 million after-tax), estimated $781 million, pre-tax ($508 million after-tax) for q1 2017.Catastrophe losses in Q1 comprised 28 events at estimated pretax cost of $777 million & unfavorable reserve reestimates of prev reported catastrophe losses.One severe hail event, primarily affecting state of Texas in March, accounted for over one-third of catastrophe losses for quarter.  Full Article

Allstate says Allstate Insurance set to use drones for storm season
Thursday, 6 Apr 2017 09:34am EDT 

Allstate Corp : Says Allstate Insurance is set to use drones for assessment of property damage claims across four states .Says fleet of drones will be at ready in Colorado, New Mexico, Oklahoma and Texas to help respond after any storms this spring.  Full Article

BRIEF-Allstate says ‍estd catastrophe losses, net of reinsurance recoveries, for month of Aug of $593 mln, pre-tax

* Allstate - ‍estimated catastrophe losses, net of reinsurance recoveries, for month of August of $593 million, pre-tax ($385 million after-tax) - SEC filing​