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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 .
- Allstate Protection - Offers private passenger auto and homeowners insurance, serving as the primary revenue driver for the company.
- 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.
- Allstate Health and Benefits - Delivers employer voluntary benefits, group health, and individual health products, including life, accident, and critical illness insurance.
- Corporate and Other - Encompasses various corporate functions and other business activities not included in the main segments.
| Name | Position | External Roles | Short 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. |
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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?
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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?
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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?
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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?
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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?
Recent developments and announcements about ALL.
Earnings
New Earnings (Q4 2024)
·Feb 6, 2025, 6:01 PMView full earnings summary →Allstate repurchased 83% of shares since IPO. Q4 2024 shows a 1.4% drop in auto policies despite a 30% surge in new apps, underscoring retention challenges. Near-term buybacks remain uncertain, as capital shifts toward organic growth.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsRegulation FD DisclosureView full 8-K filing →Allstate’s 8-K filing reports January 2025 catastrophe losses of $1.08B ($849M after tax). A California wildfire led to ~$1.07B in losses, offset by $1.40B in reinsurance recoveries. In-force policy counts declined 0.3% MoM.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Nationwide will acquire Allstate’s employer stop loss business for $1.25 billion, expanding its portfolio to serve over 13,000 small businesses. This strategic move reinforces Nationwide's growth in the stop loss market.