Stocks and Finance

Allstate

Allstate 5/15/2012

16:25 : Allstate Agent Group Seeks Audit After Pay Errors - An association of insurance agents is calling on Allstate's board to hire outside auditors to examine accounting procedures after the company admitted to errors in compensation reports and tax forms earlier this year.
Source : wsj-com

Allstate 5/3/2012

09:00 : Allstate rallies, Prudential falls, financials dip - NEW YORK (MarketWatch) -- Shares of Prudential Financial Inc. tumbled almost 9% on Thursday, a day after the company said it swung to a first-quarter loss on charges relating to currency fluctuations and derivative impacts, ...
Source : marketwatch-com

Allstate 5/2/2012

16:08 : Stocks to Watch: Stocks to Watch Wednesday: Allstate, GM - Allstate Corp., Skullcandy Inc., Glu Mobile Inc., General Motors Co. and Cardinal Health Co. are among the companies whose stocks could see active trading on Thursday.
Source : marketwatch-com
15:53 : Allstate posts 46% higher profit - SAN FRANCISCO (MarketWatch) -- Allstate Corp. , citing improved operating income and realized capital gains, reported late Wednesday its first-quarter profit rose 46% to $766 million, or $1.53 a share, from $524 million, or 98 cents a ...
Source : marketwatch-com

Allstate 2/22/2012

17:22 : Allstate introduces auto-claims satisfaction guarantee in Texas - Allstate has rolled out a new service in Texas called Claims Satisfaction Guarantee. Under the new feature, if an eligible customer is dissatisfied in any way, for any reason, with the level of service received on a paid auto claim, Allstate ...
Source : bizjournals-com

Allstate 2/10/2012

21:02 : Allstate Warns Agents of Tax Errors, Bonus Issues - Allstate warned its insurance agents Friday that it had discovered separate errors in their tax documents and the year-end reports that show data used to calculate their annual bonuses.
Source : wsj-com

Allstate 2/1/2012

17:05 : Allstate doubles profit on steep drop in claims - SAN FRANCISCO (MarketWatch) -- Allstate Corp. , citing a steep drop in catastrophe losses, reported late Wednesday fourth-quarter profit more than doubled to $724 million, or $1.43 a share, from $296 million, or 55 cents a share, a year ...
Source : marketwatch-com

Allstate 1/27/2012

11:01 : Forbes Earnings Preview: Allstate - Analysts have become increasingly bullish on Allstate (ALL) in the month leading up to the company's fourth quarter earnings announcement scheduled for Wednesday, February 1, 2012. The consensus earnings per share estimate has moved up ...
Source : forbes-com

Allstate 1/12/2012

14:59 : Allstate Pay-Reporting Error Further Inflames Agents' Ire - An Allstate system that shows agents how much they have earned in monthly commissions under-reported January payments this week, touching off a new uproar among the insurer's sales force.
Source : wsj-com

Allstate 1/8/2012

16:29 : Allstate promises to satisfy its auto insurance claims customers - Looking for a competitive edge over other car insurance companies, Allstate is promising that if you buy a policy and are not satisfied with your claims service, you'll get a refund.
Source : foxbusiness-com

Allstate 12/23/2011

10:38 : Allstate Foundation gives $102K to Austin nonprofits - More than a dozen Austin area nonprofit organizations received grants totaling $102,000 from the Allstate Foundation in 2011. The Texas Advocacy Project was awarded the largest grant of $75,000 to enhance their efforts to help domestic ...
Source : bizjournals-com

Allstate 11/2/2011

10:08 : Allstate may be cut by S&P as disasters, deals pressure capital - Allstate Corp., the largest publicly traded home and auto insurer, may be downgraded by Standard & Poor's after natural disasters pressured results, and acquisitions and share buybacks reduced capital.
Source : detnews-com

Allstate 10/31/2011

16:20 : Allstate profit sinks on disaster losses - (Reuters) - Allstate Corp posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer in the United States lost more than $1 billion due to natural disasters.
Source : reuters-com
16:19 : More on Allstate (ALL): Q3 beat across the board as core profit fell less - More on Allstate (ALL): Q3 beat across the board as core profit fell less than expected. Earnings dropeed 55% Y/Y, as the company racked up another quarter with significant catastrophe losses due to Hurricane Katrina, coming in at $1.08B, ...
Source : seekingalpha-com
16:16 : Allstate 3Q profit down 55 pct. on disaster claims - (10-31) 13:36 PDT Des Moines, Iowa (AP) -- Allstate Corp. said its third-quarter net income fell 55 percent after natural disasters cost the insurer $1.08 billion. Allstate posted net income of $165 million, or 32 cents...
Source : sfgate-com
13:10 : After Hours: Leap, Allstate results on tap after-hours - Quarterly results are due Monday evening from Allstate and Leap Wireless, with Wall Street expecting the mobile services provider’s loss to narrow on higher sales from a year ago.
Source : marketwatch-com

Allstate 10/20/2011

08:32 : Allstate sees Q3 catastrophe loss at $1.08 billion - NEW YORK (MarketWatch) -- Allstate Corp. said on Thursday that it estimates catastrophe losses for the month of September at $215 million, pre-tax, and at $1.08 billion, pre-tax, for the third quarter. It said there were seven catastrophe ...
Source : marketwatch-com

Allstate 9/28/2011

07:40 : Allstate cutting agents, base pay - Allstate Corp. is revamping its compensation structure in an effort to increase rewards for its best agents while pushing less-successful ones out the door, the Chicago Tribune reports. The Northbrook, Ill., company is cutting base pay ...
Source : bizjournals-com

Allstate 9/27/2011

12:12 : Allstate Looks to Jettison Weak Agents - Allstate pushed for growth eight years ago by bringing on hundreds of new agents. Now the insurer is seeking to boost results by encouraging many of them to go.
Source : wsj-com

Allstate 9/15/2011

10:26 : Allstate ([[ALL]] +0.1%) says pretax catastrophe losses will be $735M ... - Allstate (ALL +0.1%) says ALL) is down 1.41% to $24.55 a share in pre-market, after it today announced $735 million, pre-tax, in estimated catastrophe losses for the month of August 2011, and $865 million, pre-tax, for the months of July ...
Source : seekingalpha-com

Allstate 8/29/2011

09:34 : Insurers Allstate, Hartford up post-Irene - SAN FRANCISCO (MarketWatch) -- Insurers Allstate and Hartford Financial surged 5% in early trades Monday as damages from Hurricane Irene -- while substantial -- weren't as bad as feared. Allstate rose to $25.57. Hartford ...
Source : marketwatch-com

Allstate 8/17/2011

10:14 : Allstate Sues Goldman For Selling 'Crap' Mortgage Securities - In 2010, Goldman Sachs paid a $550 million fine to the SEC in order to settle charges that it misled investors in the infamous Abacus deal. On Wednesday, another party slapped the firm with ...
Source : forbes-com

Allstate 8/16/2011

13:07 : Allstate sues Goldman Sachs over toxic investments - Allstate Corp. is suing Goldman Sachs Group Inc., saying more than $122 million in mortgage-backed securities the insurance company bought beginning in 2006 were fraudulent....
Source : usnews-com

Allstate 8/15/2011

18:49 : Allstate (ALL) sues Goldman Sachs (GS), accusing the bank of hiding the ... - Allstate (ALL) sues Goldman Sachs (GS), accusing the bank of hiding the risks involved with $123M in MBS it sold to the insurer. "Goldman underwrote securities using loans from subprime lenders known for issuing high ...
Source : seekingalpha-com
17:27 : Allstate sues Goldman over mortgage debt losses - NEW YORK (Reuters) - Allstate Corp on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.
Source : reuters-com

Allstate 8/1/2011

10:13 : Financial Stocks: Allstate can’t keep financials in the green - Sector gives up early gains to follow the broader market lower as a key gauge of the U.S. economy shows slowing manufacturing activity last month.
Source : marketwatch-com
07:57 : Debt Deal, HSBC, Allstate: Hot Trends - NEW YORK (TheStreet) -- Popular searches on the Internet Monday include the debt deal once again, as the U.S. Senate and House of Representatives are expected to vote on a deal to raise the legal national debt limit, one day ahead of the deadline. #xD; ...
Source : thestreet-com
06:58 : Allstate 2Q weather beaten, but a silver lining - BOSTON (AP) -- Allstate reported a $620 million second-quarter loss Monday, hammered by a previously disclosed $2.3 billion in catastrophe losses from waves of tornadoes, wildfires and storms this year....
Source : usnews-com
05:34 : Allstate swings to loss, hit by severe weather - MADRID (MarketWatch) -- Allstate Corp. said Monday that it swung to a second quarter loss of $642 million, or $1.19 per share, from a profit of $441 million in the year-ago period, or 27 cents per share, owing to a series of catastrophic ...
Source : marketwatch-com
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