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With inflation easing, the strong pricing environment will benefit ALL's shareholders.
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In our previous coverage, we used offbeat metrics to tell you that The Allstate Corporation stock was cheap, despite big losses being reported at the time. The company has rocketed higher and surprised the bears and the bulls. We tell you why we are moving this to a Sell.
Allstate's (ALL) estimated catastrophe losses for July are $587 million from 20 events.
Allstate's (ALL) plan to sell its Employer Voluntary Benefits business to The Standard is expected to boost deployable capital by $1.6 billion. The move aligns with ALL's strategy to focus on its core operations.
The storied insurer agreed to sell one of its business units to a peer for $2 billion. The deal will be fulfilled entirely in cash.
Allstate (ALL) shares reached an all-time high Wednesday after the insurance provider announced it sold its Employer Voluntary Benefits business to privately owned StanCorp Financial Group, also known as The Standard, for $2 billion.
We have narrowed our search to five P&C insurers with strong potential for the rest of 2024. These are: ACGL, ALL, PGR, RLI, ROOT.
PORTLAND, Ore.--(BUSINESS WIRE)--StanCorp Financial Group, Inc. (The Standard) and The Allstate Corporation (NYSE: ALL) announced earlier today a definitive agreement under which The Standard will acquire Allstate's Employer Voluntary Benefits business for approximately $2 billion and enter into a product distribution partnership. The transaction is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions. The Standard and Allstate are.
Insurer Allstate has agreed to sell its employer voluntary benefits business to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday.