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    Allstate Corp (ALL)

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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 .

    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.
    NamePositionStart DateShort Bio
    Thomas J. WilsonChair of the Board, President, and CEOJanuary 2007Thomas J. Wilson has been with Allstate for 29 years and has served as CEO since January 2007 and Chair of the Board since May 2008. He was first elected as an officer in 1995 .
    Elizabeth A. BradyExecutive Vice President, Chief Marketing, Customer and Communications OfficerJanuary 2020Elizabeth A. Brady has held this position since January 2020. She was first elected as an officer of Allstate in 2018 .
    Christine M. DeBiaseExecutive Vice President, Chief Legal Officer, General Counsel, and Corporate SecretaryJanuary 2023Christine M. DeBiase joined Allstate in January 2023. She previously served as Executive Vice President, Chief Administrative Officer, and General Counsel of Brighthouse Financial .
    Jesse E. MertenExecutive Vice President and Chief Financial OfficerSeptember 2022Jesse E. Merten has been the CFO since September 2022. He was first elected as an officer in 2012 .
    John E. DugenskePresident, Investments and Corporate StrategySeptember 2022John E. Dugenske has held this position since September 2022. He was first elected as an officer in 2017 .
    Suren GuptaPresident, Protection Products and Enterprise ServicesAugust 2023Suren Gupta assumed this role in August 2023. He has been with Allstate since 2011 .
    Zulfikar JeevanjeeExecutive Vice President and Chief Information OfficerOctober 2022Zulfikar Jeevanjee began serving as CIO in October 2022. He previously worked at CVS Health and Wells Fargo .
    John C. PintozziSenior Vice President, Accounting Special ProjectsMay 2024John C. Pintozzi transitioned to this role in May 2024. He has been with Allstate since 2005 .
    Mark Q. PrindivilleExecutive Vice President and Chief Risk OfficerMay 2020Mark Q. Prindiville has been the Chief Risk Officer since May 2020. He was first elected as an officer in 2016 .
    Mario RizzoPresident, Property-LiabilitySeptember 1, 2022Mario Rizzo assumed this role on September 1, 2022. He previously served as the Executive Vice President and Chief Financial Officer .
    Robert TooheyExecutive Vice President and Chief Human Resources OfficerMarch 2022Robert Toohey began serving in this role in March 2022. Before joining Allstate, he was a talent and operations advisor/consultant and served as President of Pymetrics .
    Eric K. FerrenSenior Vice President, Controller and Chief Accounting OfficerMay 30, 2024Eric K. Ferren has been in this role since at least May 30, 2024 .
    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?

    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