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allstate corp. - All News and Analysis
The Long Case for Allstate
In the October 31 edition of Value Investor Insight, Ed Maran of Thornburg Investment Management described why he sees unrecognized value in Allstate ALL. Key excerpts follow: Turning to some specific ideas, describe the investment case for Allstate. by Value Investor Insight
Texas Fire Claims Jump 7% in 2008
Cooking and Candles Lead List of Home Fire-Starters IRVING, Texas, Oct. 28 /PRNewswire-FirstCall/ -- Unattended cooking is the number one most preventable cause of house fires in Texas, according to a survey of 50 fire departments across the state. The study, conducted by Allstate Insurance Company, asked Texas...
Fitch Downgrades Allstate Corp. & Subsidiaries; Outlook Negative
CHICAGO -- Fitch Ratings has taken the following rating actions on The Allstate Corporation Allstate: -- Issuer Default Rating IDR downgraded to 'A+' from 'AA-'. -- Senior debt downgraded to 'A' from 'A+'; -- Trust preferred rating downgraded to 'A-' from 'A'; -- Commercial paper was...
A.M. Best Affirms Ratings of Allstate Insurance Group and Allstate Financial; Downgrades Issuer Credit Ratings
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and downgraded the issuer credit ratings ICR to "aa-" from "aa" of Allstate Insurance Group Allstate and its members. Additionally, A.M. Best has downgraded the ICR to "a-" from "a" and the debt ratings...
Allstate Corp. Q3 2008 Earnings Conference Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. Our first question is from Jay Gelb of Barclays Capital. Your question please. Jay Gelb - Barclays Capital Thanks and good morning. With regard to capital position given what's going on in terms of financial dislocation. Overall, in the market for the fourth quarter,...
Texas Teen Safe Driving Tour Launches in Lubbock
$100,000 Allstate Foundation Grant to SAVE Texas Teens LUBBOCK, Texas, Oct. 22 /PRNewswire/ -- Teens from seven Lubbock area high schools helped unveil a $100,000 Texas teen safe driving grant Wednesday -- kicking off a series of youth summits taking place across the state. The Allstate Foundation...
Allstate Reports 2008 Third Quarter Results
Catastrophe Losses and Investment Valuation Declines Partially Offset by On-going Risk Mitigation Actions NORTHBROOK, Ill. -- The Allstate Corporation (NYSE: ALL): * Catastrophe losses of $1.8 billion, including losses from Hurricanes Ike and Gustav, were partially mitigated by exposure reduction actions and reinsurance. * Pre-tax net realized...
Earnings Preview: Allstate
Allstate Corp. ALL is expected to report Q3 earnings after market close Wednesday Oct. 22, with a conference call scheduled for 9:00 am on Thursday Oct. 23. Guidance Analysts are looking for EPS of 72c on revenue of $6.32B. The consensus range for EPS is 10c to $1.30, according to...
Allstate to Discuss Third Quarter 2008 Earnings with Investors
NORTHBROOK, Ill. -- The Allstate Corporation (NYSE: ALL) will conduct a conference call on Thursday, October 23, 2008 at 9:00 a.m. Eastern Daily Time EDT to discuss third quarter 2008 earnings. The company will issue a press release announcing the results the day before on Wednesday, October 22, 2008 at...
American International Group Inc
EDWARD M. LIDDY has been elected chairman and chief executive officer of American International Group Inc., succeeding Robert B. Willumstad. Liddy was chairman and CEO of Allstate from 1999 until 2006 and president and chief operating officer from 1994 until 1998.
Missouri Court of Appeals Western District reinstates judgment
The Missouri Court of Appeals Western District ordered a trial court judge to reinstate a $100,000 default judgment against Allstate Insurance Co. The court on Tuesday ruled Patricia Mathers was entitled to the award because of Allstate's neglect and inattention. According to the opinion, Mathers promptly...
Missouri Court of Appeals Western District reinstates judgment
The Missouri Court of Appeals Western District ordered a trial court judge to reinstate a $100,000 default judgment against Allstate Insurance Co. The court on Tuesday ruled Patricia Mathers was entitled to the award because of Allstate's neglect and inattention. According to the opinion, Mathers promptly...
Forest Foundation, Allstate Foundation Partner to Educate Californians on Wildfire Issues
AUBURN, Calif. -- The Forest Foundation, a non-profit organization dedicated to educating Californians about forests, today announced it has received a $45,000 grant from the Allstate Foundation to promote and distribute a booklet about forests and the state's wildfire crisis. The wildfire booklet - "Protecting Communities And Saving Forests:...
Allstate appoints Joseph J. Richardson Jr. to Senior Vice President
Accelerate strategic vision to reinvent protection and retirement for consumers NORTHBROOK, Ill. -- Allstate Insurance Company announced it has promoted Joseph J. Richardson Jr. to senior vice president, Protection Distribution. Richardson reports to George Ruebenson, President of Allstate Protection, and has also become a member of Allstate's Senior Management...
Colorado Springs-based Cally O'Donnell Agency honored
The Cally O'Donnell Agency has earned the designation of Regional Champion for Allstate's West Central Region. The award recognizes high standards in customer satisfaction and retention, and profitability.
Allstate and the American Football Coaches Association Announce Twenty-Two College Football Players Named to the 2008 Allstate AFCA Good Works Team®
From Donating Bone Marrow to Rescuing Children from Overturned Bus, Good Works Team([R]) Members Honored for Community Involvement NORTHBROOK, Ill. -- More than a month into the 2008 college football season, the off-the-field achievements of a select group of dedicated and hard-working players have distinguished them from among the...
Bellingham Allstate agent honored for volunteerism
Scott Richardson of Bellingham has received an Agency Hands in the Community Award from the Allstate Foundation for his commitment to volunteering in the local community. The foundation has also donated a $500 grant to Lydia Place, the nonprofit organization at which Richardson volunteers. Lydia Place provides a multifaceted...
Michele Coleman Hayes
[ILLUSTRATION OMITTED] Michele Coleman Hayes New Position: Senior VP and General Counsel Organization: Allstate Corp. Location: Northbrook, IL Responsibilities: Oversees the corporation's legal and public-policy activities Former Position: Senior VP and General Counsel, Pitney-Bowes
InsWeb Announces Partnership With Quote Burst
InsWeb Corp. (NASDAQ: INSW), a leading online insurance marketplace, today announced a partnership with Quote BurstTM, a lead management company that offers a real-time Internet lead processing and quoting system to Allstate® agents. Quote Burst's automatic-email system, TyphoonTM, has been integrated into InsWeb's AgentInsider® Lead Program and instantly sends...
Zultys Reseller Deploys Premise-Based IP Communications for Allstate Agency Network
Multi-Office Insurance Broker Moves to Centralized Communications SUNNYVALE, Calif. -- Zultys, Inc., a Silicon Valley company known for its open standards IP communications and telephony products, today recognized an innovative solution devised by ROI Telephony for a multi-office Allstate Insurance agent. Allstate's U.S. agencies have been transitioning away...
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- Revenue (Fiscal Year) $36.7B
- Profit (Fiscal Year) $4.6B
- Incorporated: 1992
- CEO: Mr. Thomas J. Wilson II
Allstate is a holding company. Co. is engaged in the property-liability insurance, life insurance, retirement and investment product business. Co.'s primary business is the sale of private passenger auto and homeowner's insurance. Co. also sells several other personal property and casualty insurance products, life insurance, annuities, funding agreements, and select commercial property and casualty coverages. Co.'s business is conducted principally through Allstate Insurance Co., Allstate Life Insurance Co. as well as their affiliates, and its products are primarily distributed through exclusive agencies, financial specialists and independent agencies.
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Board of Directors
Mr. Thomas J. Wilson II Chairman
Ms. Mary Alice Taylor
Mr. F. Duane Ackerman
Mr. Robert D. Beyer
Mr. W. James Farrell
Mr. Jack M. Greenberg
Mr. Ronald T. LeMay
Mr. H. John Riley Jr.
Mr. Joshua I. Smith
Ms. Judith A. Sprieser
NAICS Code
Direct Property and Casualty Insurance Carriers: 524126
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