Allstate Current Rates, News & Information
Allstate’s Shares Continue to Drop
Posted in Allstate
June 30th, 2009
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Insurance giant Allstate has been having financial struggles over the past few years – specifically 2008 and the first quarter of 2009 – posting losses of $1.7 billion and $274 million, respectively. These number come in sharp contrast to the profits that were made in years prior. For example, in 2006, the company posted profits of $5 billion, or $7.89 a share, and in 2007,it saw $4.6 billion in profits, which equals $7.83 a share. 
Allstate Stock Rebounding
Posted in Allstate
June 26th, 2009
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Great news for Allstate Insurance stockholders badgered by the weakened economy, the company is primed for a financial rebound. Allstate Insurance total net worth declined by 40% over the last 5 quarters. The culprits for the loss were thefixed-income market battered the bond portfolio that was used to financially back the annuity and insurance business.
Allstate Gets to Work on Homeowner Unit
Posted in Allstate , Home Insurance
May 8th, 2009
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Allstate chief executive officer Tom Wilson said in a recent call that his company must start to improve its homeowner unit. The insurer may have to raise prices after a loss on its residential underwriting business, which produced just one dollar for every $1.07 it spent.
History of Allstate
Posted in Allstate , Auto Insurance
May 8th, 2009
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Allstate was founded in 1931, and by 1933 had an IPO that became the biggest in the history of the US. Allstate was originally a part of Sears, when President and Board Chairman General Robert E. Wood developed the idea that they should sell insurance through the mail. Allstate has stood behind the idea of better rates for better drivers, and was one of the first to pioneer the rates class system rewarding its safer drivers. In the 1950′s, the company started the first drive-through claims office that stands as a testament to their innovation and commitment to improving the claims process for its customers.