The Allstate Corporation (NYSE: ALL) has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion. ALIC holds approximately 80% (or $23 billion) of Allstate’s life and annuity reserves and generated net income of $467 million in 2019 and a net loss of $23 million in the first nine […]
Allstate’s Clint Marlow Elected Chairman of National Auto Body Council Board of Directors
At the 2020 National Auto Body Council (NABC) Annual Meeting last week, the non-profit organization held its board elections for the upcoming year. In addition to re-electing three board members whose terms were expiring, it also welcomed four new members to its Board. Active members in attendance at the virtual NABC annual meeting had an […]
Collision Repair Education Foundation Thanks Insurance Industry for Support of Critical Resources to Schools Impacted by COVID-19
The Collision Repair Education Foundation (CREF) publicly thanked the insurance industry for rallying behind it during a time when raising funds is extremely difficult. Six extremely generous insurance organizations have stepped in to offer their support, donating funds that can help CREF make good on its mission of connecting the next generation of collision repairers […]
Allstate Launches Transportation Analytics Tech Startup
Arity, a non-insurance technology company founded by Allstate, will initially focus on using driving data to improve risk assessment for insurers. Allstate announced it will leverage its experience usage-based insurance, connected cars and telematics by launching Arity, a technology startup. Built on Allstate’s 20 billion miles of driving data and more than a million active […]
Allstate Reports Brownsville, Texas Tops Annual America’s Best Drivers Report
For the first time ever, Brownsville, Texas, is the safest-driving city on Allstate’s 12th annual America’s Best Drivers Report. The insurer hopes the report serves as an important safe-driving reminder as motorists prepare to hit the roads for the July Fourth holiday – which the Insurance Institute for Highway Safety (IIHS) found is the deadliest […]
Allstate First Quarter Income Down Due to Catastrophe Losses
The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the first quarter of 2016. The company reported that total revenue of $8.9 billion in the first quarter of 2016 declined compared to the prior year quarter, as increased insurance premiums were more than offset by lower net investment income and realized capital losses, which are […]
Regional Golf Fundraiser Paves Way for National Auto Body Council Programs
A full field of golfers representing all facets of the collision industry, with Enterprise Rent-A-Car as Presenting Sponsor and 33 additional sponsors, joined forces in Dallas, Texas for a successful day for the National Auto Body Council (NABC), the entire collision repair industry and most importantly three deserving North Texas families in need of transportation. […]
Largest Auto Insurers Added Market Share in 2015
The largest private passenger auto insurers in the U.S. gained market share in 2015. Growth continues long term trend. Since 2000, the largest private passenger automobile insurers have been growing their combined market share and more than half of all private passenger auto insurance in the United States is handled by just five companies. The […]
Allstate Creating Innovation Hub in Chicago
New space will help attract data and innovation specialists to drive advancements in research, analytics and telematics. Allstate announced plans to establish an innovation hub at the Merchandise Mart in downtown Chicago. The 45,000-square-foot office will bring nearly four hundred jobs to Chicago, primarily in the company’s Quantitative Research & Analytics (QR&A) and Connected Car […]
Allstate Reports Growth in Auto Premiums Written in 2015
While premiums are growing, so are auto accidents. The Allstate Corporation (ALL) yesterday reported financial results for the fourth quarter and full year 2015. Auto insurance net premiums written for all three brands, Allstate, Esurance and Encompass, grew 5.1 percent to $20.7 billion in 2015 versus $19.7 billion in 2014. Allstate brand auto, the largest […]