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Allstate to sell Employer Voluntary Benefits business to The Standard
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…
Allstate Announces July 2024 Catastrophe Losses
The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of July of $542 million or $428 million, after-tax. Catastrophe losses for July include 20 events estimated at…
Allstate Announces January 2024 Catastrophe Losses and Implemented Rates
The Allstate Corporation announced estimated catastrophe losses for the month of January of $276 million or $218 million, after-tax. Estimated January catastrophe losses of $325 million were primarily driven by two events that…
Allstate Announces Estimated Third Quarter 2022 Results
The Allstate Corporation announced estimated results for the third quarter of 2022 of a net loss between $675 million and $725 million and adjusted net loss* estimated between $400 million…
Allstate Announces May 2022 Catastrophe Losses and Implemented Auto Rates
The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of May of $436 million or $344 million, after-tax. May catastrophe losses included 14 events, primarily wind and…
Allstate Announces April 2022 Catastrophe Losses and Implemented Auto Rates
The Allstate Corporation announced estimated catastrophe losses for the month of April of $316 million or $250 million, after-tax. April catastrophe losses included fourteen events, primarily wind, hail and tornados…
Allstate Announces Retirement of Vice Chair, Don Civgin and Senior Leadership Change
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…
Allstate Announces May 2021 Catastrophe Losses
The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of May of $213 million pre-tax, or $168 million, after-tax. Catastrophe losses for April and May totaled $598…
Allstate to Sell Life Insurance Company to Blackstone for $2.8M to Grow in P/C
The Allstate Corporation (NYSE: ALL) has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion. ALIC holds approximately 80% (or $23 billion) of…
Allstate Announces August 2020 Catastrophe Losses
The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of August of $985 million, pre-tax ($778 million, after-tax). Catastrophe losses occurring in August comprised 11 events at…
