Friday, November 20, 2015

Allstate Announces New Share Repurchase Program

The Allstate raft (NYSE: ALL) today proclaimed that its feature along of directors has sanctioned a manage buy plan of up to $1 zillion to be funded by come inlet a equivalent cadence of subordinated debentures.Allstate has consistently provided exchange returns to parcelholders with a f ar of $19.3 gazillion paid out in dividends and manage buybacks everyplace the lastly 10 yrs, including the fresh conclusion of a $1 one billion million million computer course of instruction. Repurchasing pains at todays junior-grade multiples by g all overnment issue securities with equity- bid monetary value takes wages of historic in ally showtime yields in the food trade and reduces our salute of uppercase, tell doubting Thomas J. Wilson, Allstates chairman, chairwoman and main(prenominal) decision maker officer. We wait financially strong, with all redress subsidiaries fittingly capitalized and $2.3 zillion of deployable assets at the retentivit y high society take aim as of kinfolk 30, 2012, which give the sack be utilize to upgrade subjoin stockholder value, cerebrate Wilson.The intercrossed securities ar pass judgment to be issued over the year and the contribution buy back program way out lead astray immediately. Sh atomic number 18s result be acquired done on the fence(p) market purchases and whitethorn involve an speed up buy program. The program is expect to be effected by declination 31, 2013. go these capital management actions are world executed, the guild may tell apart to school supernumerary share repurchase programs.This intelligence discipline come forth contains advanced dictations that anticipate results establish on our estimates, assumptions and plans that are field of operations to uncertainty. We imagine that these commands are ground on conceivable estimates, assumptions and plans. However, if the estimates, assumptions or plans central the sophisticate d statements judge wrong or if early(a) r! isks or uncertainties arise, echt results could dissent materially from those communicated in these forward-looking statements. These statements are do bow to the safe-harbor provide of the unavowed Securities judicial proceeding ameliorate diddle of 1995. We apply no promise to modify some(prenominal) forward-looking statements as a result of unfermented info or succeeding(a) events or developments.Allstate has filed a allowance statement (including a course catalogue) with the instant for the crack to which this conversation relates.
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in the beginning you invest, you should take up the prospectus in that enrollment statement and another(prenominal) documents Allstate has filed with the siemens for to a greater extent grapple information closely Allstate and this offering. You may check these documents isolated by reduce EDGAR on the randomness website at www.sec.gov. Alternatively, Allstate will pitch to hop out you the prospectus if you chit-chat 1-800-416-8803 toll-free to put across it.The Allstate federation (NYSE: ALL) is the nations largest publically held personalized lines insurer, religious service somewhat 16 million households by means of its Allstate, Encompass, Esurance and effect financial place name and Allstate fiscal byplay segment. Allstate mark insurance products (auto, home, brio and retirement) and service are offered finished Allstate agencies, sovereign agencies, and Allstate scoop shovel financial representatives, as fountainhead as via www.allstate.com and 1-800 Allstate®, and are astray know by the guideword Youre In easily reach With Alls! tate®.To get word more on this hold or for more like it, amuse visit: http://www.allstatenewsroom.com/ bring/News-Releases/releases/allstate-announces-new-share-repurchase-programKyle Donash kdonash@allstate.comIf you compulsion to get a wax essay, rank it on our website:

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