The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Protection Services, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names. The Protection Services segment provides consumer product protection plans and related technical support for mobile phones, consumer electronics, furniture, and appliances; finance and insurance products, including vehicle service contracts, guaranteed asset protection waivers, road hazard tire and wheel, and paintless dent repair protection; roadside assistance; device and mobile data collection services; data and analytic solutions using automotive telematics information; and identity protection services. This segment offers its products under various brands including Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside Services, Arity, and Allstate Identity Protection. The Allstate Life Segment offers traditional, interest-sensitive, and variable life insurance products, as well as non-proprietary products offered by third-party providers. Its Allstate Benefits segment provides life, accident, critical illness, short-term disability, and other health insurance products. The company sells its products through call centers, agencies, financial specialists, brokers, wholesale partners, and affinity groups, as well as through online and mobile applications. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois.
IPO Year:
Exchange: NYSE
Website: allstate.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/3/2025 | Hold → Buy | Argus | |
1/8/2025 | In-line → Outperform | Evercore ISI | |
9/5/2024 | $175.00 | Underweight | Barclays |
8/12/2024 | $142.00 → $177.00 | Underweight → Equal Weight | Wells Fargo |
7/18/2024 | $190.00 → $191.00 | Market Perform → Outperform | BMO Capital Markets |
3/28/2024 | $158.00 → $190.00 | Hold → Buy | HSBC Securities |
1/10/2024 | $193.00 | Outperform | TD Cowen |
1/9/2024 | $130.00 → $180.00 | Hold → Buy | Jefferies |
1/4/2024 | $117.00 → $171.00 | Equal-Weight → Overweight | Morgan Stanley |
12/28/2023 | $145.00 | Hold | HSBC Securities |
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The Allstate Corporation (NYSE:ALL) today announced estimated catastrophe losses for the month of February of $92 million or $73 million, after-tax. Total catastrophe losses for February year-to-date were $1.17 billion or $922 million, after-tax. Allstate Protection policies in force are as follows: Allstate Protection Policies in Force (1) (in thousands) February 28, 2025 January 31, 2025 February 29, 2024 Feb 28. 2025 v Jan. 31, 2025 Feb. 28, 2025 v Feb. 29, 2024 Auto 24,894 24,835 25,115 0.2 % (0.9 )% Homeowners 7,537 7,521 7,354 0.2 % 2.5
Allstate Identity Protection survey finds nearly two-thirds (64%) of Americans are concerned scammers will steal their personal information to file a tax return and pocket the refund. Allstate Identity Protection guarantees members' tax refunds are protected from fraud. As tax season begins, new findings from Allstate Identity Protection reveal growing concerns about identity theft – yet many filers may be overlooking protections that can safeguard their personal information and refunds. A new survey from Allstate Identity Protection finds that 64% of Americans worry scammers will steal their personal information, like their Social Security number, to file a tax return and pocket thei
Auburn gymnast Sophia Groth named first female captain as program expands to recognize student-athletes in every sport Today, Allstate and the National Association of Collegiate Directors of Athletics (NACDA) announce the inaugural Allstate NACDA Good Works Team (Winter), recognizing 20 standout student-athletes across collegiate winter sports for their exceptional achievements in community service, athletics and academics. This marks the first-ever expansion of the Good Works Team to include student-athletes from all collegiate sports and divisions. The final team was voted on by the program's esteemed Selection Committee from an impressive pool of nearly 200 nominees nationwide. These s
The Allstate Corp. (NYSE:ALL) today announced Andréa Carter will join the company as Executive Vice President and Chief Human Resources Officer, effective May 12. She will lead Allstate's strategy to attract, develop and retain a high-performing and connected global workforce. "Customers trust Allstate to protect them from life's uncertainties and our people make that possible," said Tom Wilson, Chair, President and CEO of The Allstate Corporation. "Andréa's proven ability to develop talent and foster a culture of innovation will further empower employees to serve customers and grow Allstate." With nearly 30 years of experience, Carter has earned a strong reputation for leading organizati
The Allstate Corporation (NYSE:ALL) announced that its board of directors approved a quarterly common stock dividend of $1.00 on Feb. 26, 2025, which is an increase of $0.08, or 8.7%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends. In addition, the board of directors has authorized a $1.5 billion share repurchase program of outstanding common stock. The authorization will remain in effect through Sept. 30, 2026. "Today's announcement reflects Allstate's strong financial position and continued confidence in our strategy," said Jess Merten, Allstate's Chief Financial Officer. "The dividend increases combined with the new $1.5 billio
The Allstate Corporation (NYSE:ALL) announced that Jess Merten, Chief Financial Officer, will present at the Raymond James 46th Annual Institutional Investors Conference at 7:40 a.m. Central Time on Tuesday, March 4. A webcast of the presentation can be accessed at www.allstateinvestors.com. A replay will also be posted there shortly after the presentation ends. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250224318068/en/ Nick Nottoli (847) 402-5600 Allister Gobin (847) 402-2800
The Allstate Corporation (NYSE:ALL) today announced estimated catastrophe losses for the month of January of $1.08 billion or $849 million, after-tax. Catastrophe losses included three events with approximately $1.07 billion related to the California wildfires. The California wildfire event estimate includes reinsurance reinstatement premiums, an estimated California FAIR Plan assessment and is net of estimated reinsurance recoveries of $1.40 billion. Allstate Protection policies in force are as follows: Allstate Protection Policies in Force (1) (in thousands) January 31, 2025 December 31, 2024 January 31, 2024 Jan. 31, 2025 v Dec. 31, 2024
Nearly 200 student-athletes across collegiate winter sports are recognized for giving back to their communities as part of the newly expanded Good Works Team. Allstate and the National Association of Collegiate Directors of Athletics (NACDA) proudly honor 193 student-athletes excelling in academics, sports and community impact. Nominated by athletics administrators, conference office staff, and coaches, these student-athletes embody leadership, service and character and will now be considered for selection to the inaugural Allstate NACDA Good Works Team (Winter). "These young women and men are more than competitors – they're leaders, changemakers and role models," said Holly Rowe, ESPN re
The Allstate Corporation (NYSE:ALL) today reported financial results for the fourth quarter of 2024. The Allstate Corporation Consolidated Highlights Three months ended December 31, Twelve months ended December 31, ($ in millions, except per share data and ratios) 2024 2023 % / pts Change 2024 2023 % / pts Change Consolidated revenues $ 16,506 $ 14,832 11.3 % $ 64,106 $ 57,094 12.3 % Net income (loss) applicable to common shareholders
AM Best has placed under review with developing implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Direct General Life Insurance Company (Direct General) (Orangeburg, SC). This follows the Jan. 30, 2025 announcement that The Allstate Corporation (Allstate) (NYSE:ALL) entered into a definitive agreement to sell Direct General for $1.25 billion to a subsidiary of Nationwide Mutual Insurance Company (Nationwide). Prior to close of the sale, all of the group health stop-loss business within Allstate, which amounts to approximately $800 million of revenues on an annual basis, will be transferred to Direct General; any non-g
Nearly 200 student-athletes across collegiate winter sports are recognized for giving back to their communities as part of the newly expanded Good Works Team. Allstate and the National Association of Collegiate Directors of Athletics (NACDA) proudly honor 193 student-athletes excelling in academics, sports and community impact. Nominated by athletics administrators, conference office staff, and coaches, these student-athletes embody leadership, service and character and will now be considered for selection to the inaugural Allstate NACDA Good Works Team (Winter). "These young women and men are more than competitors – they're leaders, changemakers and role models," said Holly Rowe, ESPN re
Son of late NBA player Darryl Dawkins, the Penn State senior offensive lineman has carved his own path as a leader both on and off the field. Nick Dawkins, a three-time Academic All-Big Ten honoree and Penn State's 2023 Public Service Award winner who founded the Dawkins Family Foundation to champion academic and athletic excellence for young students, is this year's Allstate Wuerffel Trophy recipient and Allstate AFCA Good Works Team Captain. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241213955921/en/Nick Dawkins, 2024 Allstate Wuerffel Trophy Recipient and Allstate Good Works Team Captain (Photo: Business Wire) Dawkins s
Student-athletes, head coach recognized by college football's highest community service honors. The 2024 Allstate AFCA Good Works Team® is set, narrowing the candidates for this year's Allstate Wuerffel Trophy. The Allstate AFCA Good Works Team names 22 student-athletes and one head coach for exemplary community service. The Allstate Wuerffel Trophy, announced later this year, is presented to one of the 11 NCAA Football Bowl Subdivision (FBS) players elected to the Allstate AFCA Good Works Team. "Each year, I'm inspired by the way these young men use their gifts to make a positive impact on their communities," said Tim Tebow, two-time national champion, Heisman Trophy winner, 2009 Good W
Allstate Wuerffel Trophy and Allstate AFCA Good Works Team® honor community service leaders with coveted collegiate awards 2024 Allstate AFCA Good Works Team announces a record 178 nominees, representing players and coaches from colleges and universities across the country Allstate is partnering with the Wuerffel Foundation to bring together two of the most meaningful awards in college football. The Allstate Wuerffel Trophy will honor a student-athlete who is inspired to serve others and make a positive impact on society. Together with the Allstate AFCA Good Works Team, whose 2024 nominees are announced below, the awards will mark college football's premier honors for community ser
Fans cast more than 25,000 votes for the unanimous First Team All-American Running Back First Team All-American and star running back at the University of Michigan, Blake Corum, adds another prestigious title to his collection as he is named this year's honorary captain for the 2023 Allstate AFCA Good Works Team®. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231128035502/en/Blake Corum at his annual "Giving Back 2 Give Thanks" turkey drive, which has become an annual tradition in the Ann Arbor, Michigan area. (Photo: Business Wire) "It's an honor to be the captain for the Allstate AFCA Good Works Team," Corum said. "My passi
After a distinguished 13-year career at Allstate, Don Civgin, Vice Chair and CEO, Protection Products and Services has announced his decision to retire, effective May 1. Don joined the company as Chief Financial Officer in 2008, became President and CEO of Allstate Financial in 2012 and Vice Chair of The Allstate Corporation in 2019. He also serves as Chairman of the internationally renowned Ravinia® Festival. With Don's retirement, Terrance Williams will become President, Protection Products and Services. "Don's leadership, business acumen and enterprise-first approach made Allstate successful in pursuing its purpose of protecting people from life's uncertainties," said Tom Wilson, Chair,
NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced that Susan L. Lees will become the company’s first-ever Chief Sustainability Officer. Executive Vice President and General Counsel Rhonda Ferguson will take over Lees’ previous roles as Chief Legal Officer and Secretary of the corporation. The changes are effective immediately. “This realignment of responsibilities is consistent with Susie’s decision announced in August to focus on environmental, social and governance initiatives,” said Tom Wilson, Chair, President and CEO. “Allstate has been a leader in sustainability and recently earned a place on the Dow Jones Sustainability Indices for the t
Argus upgraded Allstate from Hold to Buy
Evercore ISI upgraded Allstate from In-line to Outperform
Barclays initiated coverage of Allstate with a rating of Underweight and set a new price target of $175.00
Wells Fargo upgraded Allstate from Underweight to Equal Weight and set a new price target of $177.00 from $142.00 previously
BMO Capital Markets upgraded Allstate from Market Perform to Outperform and set a new price target of $191.00 from $190.00 previously
HSBC Securities upgraded Allstate from Hold to Buy and set a new price target of $190.00 from $158.00 previously
TD Cowen initiated coverage of Allstate with a rating of Outperform and set a new price target of $193.00
Jefferies upgraded Allstate from Hold to Buy and set a new price target of $180.00 from $130.00 previously
Morgan Stanley upgraded Allstate from Equal-Weight to Overweight and set a new price target of $171.00 from $117.00 previously
HSBC Securities initiated coverage of Allstate with a rating of Hold and set a new price target of $145.00
The Allstate Corporation (NYSE:ALL) announced that its board of directors approved a quarterly common stock dividend of $1.00 on Feb. 26, 2025, which is an increase of $0.08, or 8.7%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends. In addition, the board of directors has authorized a $1.5 billion share repurchase program of outstanding common stock. The authorization will remain in effect through Sept. 30, 2026. "Today's announcement reflects Allstate's strong financial position and continued confidence in our strategy," said Jess Merten, Allstate's Chief Financial Officer. "The dividend increases combined with the new $1.5 billio
The Allstate Corporation (NYSE:ALL) today reported financial results for the fourth quarter of 2024. The Allstate Corporation Consolidated Highlights Three months ended December 31, Twelve months ended December 31, ($ in millions, except per share data and ratios) 2024 2023 % / pts Change 2024 2023 % / pts Change Consolidated revenues $ 16,506 $ 14,832 11.3 % $ 64,106 $ 57,094 12.3 % Net income (loss) applicable to common shareholders
The Allstate Corporation (NYSE:ALL) will host a conference call and webcast at 9 a.m. ET on Thursday, Feb. 6, 2025, to discuss fourth quarter 2024 financial results. Allstate plans to file its results via a Form 8-K with the Securities and Exchange Commission (SEC) after 4:15 p.m. ET on Wednesday, Feb. 5. The earnings release and investor supplement will be accessible shortly after filing on the SEC's website (www.sec.gov) and Allstate's Investor Relations website (www.allstateinvestors.com). Get Allstate financial news at www.allstateinvestors.com: View the Form 8-K, earnings release, and investor supplement after filing. Join the live conference call and access the webcast repla
Allstate declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from Oct. 15, 2024, through Jan. 14, 2025. All the preferred dividends are payable in cash on Jan. 15, 2025, to stockholders of record at the close of business on Dec. 31, 2024, as follows: Series Annual Dividend Rate Quarterly Amount Per Depositary Share Series H 5.100% $0.3187500 Series I 4.750% $0.2968750 Series J 7.375% $0.4609375 Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. View s
The Allstate Corporation (NYSE:ALL) announced today its board of directors approved a quarterly dividend of $0.92 cents on each outstanding share of the corporation's common stock be payable in cash on Jan. 2, 2025, to stockholders of record at the close of business on Nov. 29, 2024. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20241114094516/en/
Generates excellent returns despite higher catastrophe losses The Allstate Corporation (NYSE:ALL) today reported financial results for the third quarter of 2024. The Allstate Corporation Consolidated Highlights Three months ended September 30, Nine months ended September 30, ($ in millions, except per share data and ratios) 2024 2023 % / pts Change 2024 2023 % / pts Change Consolidated revenues $ 16,627 $ 14,497 14.7 % $ 47,600 $ 42,262 12.6 % Net income (loss) applicable to common shareholders 1,161 (41 ) NM 2,651 (1,77
The Allstate Corporation (NYSE:ALL) will host a conference call and webcast at 9 a.m. ET on Thursday, Oct. 31, 2024, to discuss third quarter 2024 financial results. Allstate plans to file its results via a Form 8-K with the Securities and Exchange Commission (SEC) after 4:15 p.m. ET on Wednesday, Oct. 30. The earnings release and investor supplement will be accessible shortly after filing on the SEC's website (www.sec.gov) and Allstate's Investor Relations website (www.allstateinvestors.com). Get Allstate financial news at www.allstateinvestors.com: View the Form 8-K, earnings release, and investor supplement after filing. Join the live conference call and access the webcast replay,
Allstate declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from July 15, 2024, through Oct. 14, 2024. All the preferred dividends are payable in cash on Oct. 15, 2024, to stockholders of record at the close of business on Sept. 30, 2024, as follows: Series Annual Dividend Rate Quarterly Amount Per Depositary Share Series H 5.100% $0.3187500 Series I 4.750% $0.2968750 Series J 7.375% $0.4609375 Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. View source version on businesswire.c
The Allstate Corporation (NYSE:ALL) announced a definitive agreement to sell the Employer Voluntary Benefits business to StanCorp Financial Group, Inc., (The Standard) for $2.0 billion. The sale represents the first step in the strategic decision to enable the three Allstate Health & Benefits businesses – Employer Voluntary Benefits, Individual and Group Health – to realize their full growth potential by combining them with companies that have additional capabilities. Tom Wilson, Chair, President and CEO of The Allstate Corporation: "Allstate's Employer Voluntary Benefits business provides protection to over 3.5 million customers who will continue to be well served by The Standard. The al
Operational execution delivers strong underlying results The Allstate Corporation (NYSE:ALL) today reported financial results for the second quarter of 2024. The Allstate Corporation Consolidated Highlights Three months ended June 30, Six months ended June 30, ($ in millions, except per share data and ratios) 2024 2023 % / pts Change 2024 2023 % / pts Change Consolidated revenues $ 15,714 $ 13,979 12.4 % $ 30,973 $ 27,765 11.6 % Ne