Key Developments: Allstate Corp (ALL)
50.00USD
17 May 2013
$-0.16 (-0.32%)
$50.16
$50.19
$50.27
$49.76
4,361,504
3,314,456
$50.69
$32.42
Latest Key Developments (Source: Significant Developments)
Allstate Corp Announces Quarterly Dividend
Allstate Corp announced that it will pay a quarterly dividend of $0.25 on each outstanding share of the Corporation's common stock, payable in cash on April 1, 2013 to shareholders of record at the close of business on February 28, 2013. Full Article
Allstate Corp Announces New Share Repurchase Program
Allstate Corp announced that its Board of Directors has approved a share repurchase program of up to $1 billion to be funded by issuing a like amount of subordinated debentures. Full Article
Allstate Corp Announces Quarterly Dividend
Allstate Corp announced a quarterly dividend of 22 cents on each outstanding share of the corporation's common stock, payable in cash on December 31, 2012 to stockholders of record at the close of business on November 30, 2012. Full Article
The Allstate Corporation Announces Quarterly Dividend
The Allstate Corporation announced a quarterly dividend of $0.22 on each outstanding share of the corporation's common stock, payable in cash on October 1, 2012 to stockholders of record at the close of business on August 31, 2012. Full Article
The Allstate Corporation Announces Quarterly Dividend
The Allstate Corporation announced a quarterly dividend of $0.22 on each outstanding share of the corporation's common stock, payable in cash on July 2, 2012 to stockholders of record at the close of business on June 1, 2012. Full Article
The Allstate Corporation Announces Senior Leadership Changes
The Allstate Corporation announced that Steve Shebik is promoted to chief financial officer. Civgin assumes the leadership responsibilities for Allstate Financial, building on the progress Matt Winter has made over the last three years. Civgin has been chief financial officer since 2009 and has significantly expanded risk management capabilities, proactively managed the Company's capital and led the acquisition of Esurance and Answer Financial. Civgin will continue to oversee the Esurance and Answer Financial management teams. With Civgin's change in roles, Shebik is being promoted to chief financial officer. Shebik will continue efforts to expand risk management functions and effectively manage the Company's capital. He has held senior finance roles in property and casualty, Allstate Financial, investments and treasury areas over the last 16 years. Full Article
The Allstate Corporation Increases Quarterly Dividend 4.8%
The Allstate Corporation announced a quarterly dividend of $0.22 on each outstanding share of the Corporation's common stock, payable in cash on April 2, 2012 to stockholders of record at the close of business on March 5, 2012. This dividend is a 4.8% increase from the dividend declared in the previous quarter. Full Article
Superior Court Of New Jersey Rules In Favor Of The Allstate Corporation In Agency Franchise Lawsuits
The Allstate Corporation announced that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company (Allstate New Jersey), a wholly owned subsidiary of Allstate Insurance Company, and dismissed all claims in the franchise lawsuits filed against Allstate New Jersey. Last year, three exclusive agents filed lawsuits seeking to prevent the termination of their agency agreements for failing to meet certain business objectives. They alleged they had franchise relationships with Allstate New Jersey and were protected under the New Jersey Franchise Practices Act. The plaintiffs' application to stop their termination was denied. The court determined that the agents were not franchisees and have no protections under the New Jersey Franchise Practices Act. Full Article
The Allstate Corporation Announces Financing Plans, $1.0 Billion Share Repurchase Program
The Allstate Corporation announced that its board of directors has approved plans to issue preferred stock and senior unsecured debt to fund a new $1.0 billion share repurchase program and repay maturing debt. The Company believes this is an opportune time to repurchase common stock given the Company's current valuation," said Thomas J. Wilson, the Company's chairman, president and chief executive officer. As a result, the Company plans to adjust the Company's capital structure to capture this opportunity while maintaining the Company's strong capital position. The Company's $1.0 billion share repurchase program and upcoming 2012 debt maturity will be funded by issuing a combination of preferred stock and senior unsecured notes totaling $1.25 billion, market conditions permitting. The share repurchase program will be made through open market purchases and may include an accelerated repurchase program. The program is expected to be completed by March 31, 2013. Full Article
The Allstate Corporation Announces Quarterly Dividend
The Allstate Corporation announced that the Board of Directors approved a quarterly dividend of $0.21 on each outstanding share of the Corporation's common stock, payable in cash on January 3, 2012, to stockholders of record at the close of business on November 30, 2011. Full Article
Allstate says comfortable with growth in insurance rates
- Home and auto insurer Allstate Corp's quarterly profit beat analysts' estimates after it earned more from premiums following rate hikes, and the company said it was comfortable with the current growth in insurance pricing.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
