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ALLSTATE (ALL)

Allstate Corporation is a leading provider of property and casualty insurance in the United States and Canada, offering a wide range of protection solutions for autos, homes, and personal property . The company is structured into several segments, with Allstate Protection being the largest contributor to its revenue . Allstate's offerings include auto and homeowners insurance, consumer product protection plans, roadside assistance, identity protection, and health and benefits products . The company's strategy focuses on expanding its market share in personal property-liability and enhancing its protection offerings through various distribution channels .

  1. Allstate Protection - Offers private passenger auto and homeowners insurance, serving as the primary revenue driver for the company.
  2. Protection Services - Provides consumer product protection plans, roadside assistance, and identity protection through services like Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity, and Allstate Identity Protection.
  3. Allstate Health and Benefits - Delivers employer voluntary benefits, group health, and individual health products, including life, accident, and critical illness insurance.
  4. Corporate and Other - Encompasses various corporate functions and other business activities not included in the main segments.

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NamePositionExternal RolesShort Bio

Thomas J. Wilson

ExecutiveBoard

Chairman of the Board, President, and CEO

None

Thomas J. Wilson has been with Allstate for 29 years, serving as CEO since January 2007 and Chairman since May 2008. He has led transformative growth strategies and digital innovation initiatives.

View Report →

Christine M. DeBiase

Executive

EVP, Chief Legal Officer, General Counsel, and Corporate Secretary

None

Christine M. DeBiase joined Allstate in January 2023, bringing extensive legal and corporate governance experience from her previous role at Brighthouse Financial.

Elizabeth A. Brady

Executive

EVP, Chief Marketing, Customer, and Communications Officer

None

Elizabeth A. Brady joined Allstate in 2018 and oversees marketing, customer engagement, and communications strategies. She has held her current role since January 2020.

Eric K. Ferren

Executive

SVP, Controller, and Chief Accounting Officer

None

Eric K. Ferren rejoined Allstate in May 2024 as Chief Accounting Officer, having previously served in various financial leadership roles at the company.

Jesse E. Merten

Executive

EVP, Chief Financial Officer

None

Jesse E. Merten has been with Allstate since 2012, serving in various financial leadership roles. He became CFO in September 2022, overseeing financial strategy and operations.

John C. Pintozzi

Executive

SVP, Controller, and Chief Accounting Officer

None

John C. Pintozzi has been with Allstate since 2012 and has served as Chief Accounting Officer since September 2019, overseeing financial reporting and compliance.

John E. Dugenske

Executive

President, Investments and Corporate Strategy

None

John E. Dugenske joined Allstate in 2017 and has held several senior roles. He currently oversees investments and corporate strategy, focusing on risk management and long-term planning.

Mario Rizzo

Executive

President, Property-Liability

None

Mario Rizzo has been with Allstate for over 33 years. He became President, Property-Liability in September 2022, overseeing a business that constitutes 90% of Allstate's insurance premiums.

Mark Q. Prindiville

Executive

EVP, Chief Risk Officer

None

Mark Q. Prindiville joined Allstate in 2016 and became Chief Risk Officer in May 2020. He focuses on enterprise risk management and optimizing risk-adjusted returns.

Robert Toohey

Executive

EVP, Chief Human Resources Officer

None

Robert Toohey joined Allstate in March 2022 as CHRO, focusing on talent development, diversity, and organizational effectiveness.

Suren Gupta

Executive

President, Protection Products and Enterprise Services

None

Suren Gupta joined Allstate in 2011 and has led technology and enterprise services. He transitioned to his current role in 2023, focusing on protection products and operational efficiency.

Zulfikar Jeevanjee

Executive

EVP, Chief Information Officer

None

Zulfikar Jeevanjee joined Allstate in 2018 and became CIO in October 2022. He oversees technology strategy and enterprise architecture.

  1. Given the DOJ lawsuit related to National General's lender-placed auto insurance program and the potential for SEC involvement, can you elaborate on the possible financial and operational impacts this litigation may have on Allstate's ongoing business and how you are preparing for potential outcomes?

  2. With the improvement in the auto underlying combined ratio largely driven by lower frequency, can you quantify any unsustainable benefits from frequency reductions this quarter, and how confident are you that these improvements are sustainable moving forward?

  3. You've increased advertising investment by approximately $300 million to support growth efforts in certain states; how are you measuring the effectiveness of this spend across different channels, and what metrics ensure that this substantial investment translates into profitable growth?

  4. In states like New York and New Jersey, where you're managing new business volumes due to challenges in achieving rate adequacy, how do you balance the need for profitability with the desire to grow market share, and what strategies are you implementing to achieve acceptable returns in these difficult markets?

  5. Although Allstate Protection Plans have shown a 20% revenue growth and expansion into Europe and Asia, what risks or challenges do you foresee that could impact maintaining this growth trajectory and profitability levels in this segment?

Research analysts who have asked questions during ALLSTATE earnings calls.

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Jian Huang

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Joshua Shanker

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Michael Zaremski

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Robert Cox

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Bob Hong

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1 question for ALL

C. Gregory Peters

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1 question for ALL

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Charles Peters

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1 question for ALL

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Christian Gitzo

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1 question for ALL

Elyse Greenspan

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1 question for ALL

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Jack Kendall

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1 question for ALL

Jian (Bob) Huang

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Jimmy Bhullar

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1 question for ALL

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Jing Li

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1 question for ALL

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Josh Shanker

Bank of America

1 question for ALL

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Mike Zaremski

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1 question for ALL

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Yaron Kinar

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Program DetailsProgram 1
Approval DateAugust 2021
End Date/DurationMarch 31, 2024
Total additional amount$5 billion
Remaining authorization amount$0 (as of March 31, 2024)
DetailsThe program was initiated to return capital from the sale of life and annuity businesses and was suspended in July 2023 due to financial losses and increased catastrophe costs.
NameStart DateEnd DateReason for Change
Deloitte & Touche LLP1992 PresentCurrent auditor

Recent press releases and 8-K filings for ALL.

Allstate restructures leadership to boost property-liability growth
·$ALL
Management Change
Earnings
  • Effective October 1, 2025, Mario Rizzo is promoted to COO, Jess Merten becomes President of Property-Liability, and John Dugenske is named Interim CFO as part of the Transformative Growth initiative.
  • In Q2 2025, property-liability premiums rose to $14.35 billion (from $13.34 billion) and underwriting income reached $1.3 billion (vs. a $145 million loss a year earlier).
  • Allstate maintains a 27.21% ROE, 8.87% net margin, a $55.52 billion market cap, and 13.4% three-year revenue growth.
  • The company plans to leverage AI and enhanced senior leadership to expand market share and improve customer protection services.
4 days ago
Allstate reports August 2025 catastrophe losses and policies in force
·$ALL
  • Estimated August catastrophe losses of $213 million pre-tax ($168 million after-tax); combined July–August losses totaled $397 million pre-tax ($313 million after-tax).
  • Losses arose from 10 events, with roughly 70% attributable to three major wind and hail storms.
  • As of August 31, 2025, Allstate Protection policies in force totaled 38.005 million, including 25.308 million auto, 7.622 million homeowners, 4.902 million other personal lines, and 173 thousand commercial policies.
Sep 18, 2025, 11:44 AM
Allstate reports July 2025 catastrophe losses and policies in force
·$ALL
  • Allstate filed an 8-K to furnish its July 2025 monthly release under Regulation FD.
  • Estimated July 2025 catastrophe losses of $184 million gross ($145 million after-tax) from 19 wind and hail events.
  • Allstate Protection policies in force totaled 37.907 million at July 31, 2025: auto 25.239 million (+0 MoM, +0.6 YoY), homeowners 7.610 million (+0.2 MoM, +2.2 YoY), other personal lines 4.886 million (+0 MoM, +0.3 YoY), commercial lines 0.172 million (–2.3 MoM, –32.0 YoY).
Aug 21, 2025, 12:00 AM
Allstate reports May 2025 catastrophe losses and policies in force
·$ALL
  • On June 18, 2025, Allstate filed a Form 8-K to furnish its May 2025 monthly release under Regulation FD.
  • May 2025 estimated catastrophe losses: $777 million (pre-tax) and $614 million (after-tax), with ~70% from three widespread wind and hail events; April–May combined losses totaled $1.37 billion (pre-tax) and $1.08 billion (after-tax).
  • Allstate Protection policies in force as of May 31, 2025: 25.226 million auto, 7.587 million homeowners, 4.887 million other personal lines and 180 thousand commercial, for a total of 37.880 million policies (+0.2% vs Apr 30, 2025; +0.4% vs May 31, 2024).
Jun 18, 2025, 12:00 AM
Allstate outlines strategic transformation at William Blair Conference
·$ALL
M&A
Dividends
Share Buyback
  • Allstate detailed its Transformative Growth initiative aimed at increasing property liability market share through product innovation, improved customer retention, and multi-channel distribution.
  • The company emphasized significant investments in modernizing its technology platform, including a new policy administration system that supports direct, agent, and independent channels.
  • Strategic M&A activity was highlighted, notably the acquisition of National General for $4B and relevant divestitures to streamline the portfolio and enhance shareholder value.
  • The discussion also covered capital management strategies with a history of robust share buybacks and consistent dividend increases, alongside efforts to manage risks in key lines such as homeowners insurance.
Jun 5, 2025, 3:36 PM
Allstate Announces April 2025 Catastrophe Loss Estimates
·$ALL
  • Catastrophe losses for April 2025 are estimated at $594 million pre-tax and $469 million after-tax from 11 events, with two events accounting for approximately 60% of the losses.
  • The report also updates policy counts across Auto, Homeowners, Other personal lines, and Commercial lines as of April 30, 2025, reflecting current operational exposure.
May 15, 2025, 12:00 AM
Allstate Reports Q1 2025 Earnings Results
·$ALL
Earnings
Share Buyback
Revenue Acceleration/Inflection
Dividends
  • Total revenue reached $16.5 billion, marking a 7.8% increase over Q1 2024
  • Net income of $566 million and adjusted net income of $949 million ($3.53 per share) drove an adjusted ROE of 23.7% over the last twelve months
  • The Property-Liability segment delivered $360 million of underwriting income with a combined ratio of 97.4%, despite $3.3 billion in gross catastrophe losses
  • Capital management efforts included a $1.5 billion share repurchase program (with $100 million executed), a $1.0 dividend per share, and the $2.0 billion divestiture of Employer Voluntary Benefits
  • Expanded digital initiatives and distribution channels fueled growth, with auto new business up by 31.2% and homeowners new business increasing by 10%
May 1, 2025, 1:01 PM
Allstate Reports Q1 2025 Catastrophe Loss Estimates
·$ALL
Profit Warning
  • The 8-K filing dated April 17, 2025 details updated catastrophe loss estimates for March 2025 and the first quarter, highlighting key event figures and reinsurance recoveries.
  • For March 2025, estimated catastrophe losses were $1.04 billion (or $818 million after-tax), with expected recoveries of approximately $123 million; total Q1 losses reached $2.20 billion (or $1.74 billion after-tax).
  • The filing also provides updated counts of Allstate Protection policies in force across auto, homeowners, personal lines, and commercial lines.
Apr 17, 2025, 12:00 AM
Allstate Completes Sale of Employer Voluntary Benefits Business
·$ALL
M&A
Share Buyback
  • Allstate Corp completed the sale of its Employer Voluntary Benefits business to StanCorp Financial Group for $2.0 billion, enhancing its strategic focus.
  • The transaction, together with the previously announced Group Health business sale, is expected to generate combined proceeds of $3.25 billion in 2025.
  • The sale resulted in a financial book gain of about $625 million, providing additional support for its share repurchase program and disciplined capital strategy.
Apr 1, 2025, 12:00 AM
Allstate Announces February 2025 Catastrophe Loss Estimates
·$ALL
  • Estimated catastrophe losses for February 2025 were reported at $92 million (or $73 million after-tax), with year-to-date losses reaching $1.17 billion (or $922 million after-tax).
  • The release also detailed Allstate Protection Policies in Force, providing policy counts across auto, homeowners, other personal, and commercial lines as of February 28, 2025.
  • The information was disseminated via a monthly press release and incorporated as Exhibit 99 in the Form 8-K submission.
Mar 20, 2025, 12:00 AM