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Allstate Corp (ALL)

ALL on New York Consolidated

89.16USD
21 Jul 2017
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$-0.06 (-0.07%)
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Latest Key Developments (Source: Significant Developments)

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

Allstate announces Q4 earnings
Wednesday, 1 Feb 2017 05:05pm EST 

Allstate Corp : Q4 earnings per share $2.18 . Q4 earnings per share $2.18 . Q4 revenue rose 6.8 percent to $9.3 billion . Q4 earnings per share view $1.63, revenue view $7.74 billion -- Thomson Reuters I/B/E/S . Allstate Corp- full-year underlying combined ratio of 87.9 was at favorable end of our annual outlook range of 88-90 - sec filing . Q4 operating earnings per share $2.17 . Allstate Corp- expect annual underlying combined ratio of 87-89 for 2017 .Allstate Corp - quarterly catastrophe losses $303 million versus $358 million.  Full Article

Sharp unit SEC receives lawsuit from Allstate Vehicle and Property Insurance Company for claiming damage
Wednesday, 11 Jan 2017 02:00am EST 

Sharp Corp <6753.T> : Says Allstate Vehicle and Property Insurance Company files a lawsuit against Electrolux North America and co's unit Sharp Electronics Corporation (SEC) .Allstate Vehicle and Property Insurance Company claims$99,608.38 as compensation for damages from SEC.  Full Article

Allstate enters into a new accelerated share repurchase agreement
Monday, 26 Sep 2016 05:29pm EDT 

Allstate Corp : Repruchase agreements are part of common share repurchase program totaling $1.5 billion that was announced on May 4, 2016 .Entered into a new accelerated share repurchase agreement to purchase $250 million of its outstanding common stock - SEC filing.  Full Article

Allstate Corp estimates pre-tax catastrophe losses of $253 mln for July 2016
Thursday, 18 Aug 2016 08:18am EDT 

Allstate Corp :Estimated catastrophe losses for month of July 2016 of $253 million, pre-tax ($164 million after-tax).  Full Article

Joint venture by CIT Bank, Allstate, to provide business loans

CIT Bank and Allstate Corp have entered a joint venture to provide loans to middle-market companies across various industries, the bank said in a statement on Monday.