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February 20, 2014
09:02 EDTALLAllstate reports January pre-tax catastrophe loss estimate $277M
Allstate announced estimated catastrophe losses for the month of January of $277M, pre-tax, or $180M after-tax. Catastrophe losses occurring in January comprised six events at an estimated cost of $271M, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. One of the events met the definition of a winter freeze catastrophe in one region of the country but not in other regions due to the amount of claim counts. Non-catastrophe losses in these other regions were $39M pre-tax, which will be reflected primarily in the homeowners combined ratio and the homeowners underlying combined ratio that excludes catastrophe losses and prior year reserve reestimates.
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November 30, 2015
15:19 EDTALLAllstate management to meet with Sandler O'Neill
Meeting to be held in Chicago on December 3 hosted by Sandler O'Neill.
November 19, 2015
17:31 EDTALLAllstate adopts proxy access bylaw amendments
Allstate announced that its board has adopted amendments to the company's bylaws providing "proxy access" shareholder rights. "Allstate's board is committed to strong corporate governance and creating value for our shareholders," said Thomas Wilson, chairman and CEO. "Our board proactively adopted proxy access as part of our ongoing commitment to governance best practices that include dialogue, transparency and responsiveness to shareholder views." The bylaw amendments will allow holders of at least 3 percent of Allstate's outstanding common shares, who have held the shares continuously for at least three years, to submit eligible director candidates for up to 20 percent of the board. Up to 20 shareholders may aggregate their shares to reach the 3 percent ownership threshold. Proxy access rights will first be available to shareholders in connection with Allstate's 2017 annual shareholders meeting.
08:19 EDTALLAllstate reports October catastrophe loss estimate of $172M pre-tax
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