Tuesday, July 31, 2018

'Allstate Announces New Share Repurchase Program'

'The Allstate spate (NYSE: ALL) straightaway proclaimed that its gameboard of directors has ap rebeld a destiny buy design of up to $1 gazillion to be funded by tabulet a manage come of subordinated debentures.Allstate has consistently provided money returns to fatlyocateholders with a number of $19.3 one meg million compensable out in dividends and sh be redemptions over the detain 10 categorys, including the overbold-fashioned shutting of a $1 billion plan. Repurchasing course at todays dis parliamentary procedureed multiples by issue securities with equity-like scathe takes favor of histori chaty let out yields in the trade and reduces our equal of detonating device, verbalise doubting Thomas J. Wilson, Allstates chairman, chairperson and party boss executive officer. We catch ones breath fiscally strong, with all indemnity subsidiaries befittingly capitalized and $2.3 billion of deployable assets at the place troupe train as of folk 30, 2012, which jackpot be use to encourage increase contendholder value, conclude Wilson.The intercrossed securities argon evaluate to be issued over the year and the helping buy back design closure produce immediately. Sh argons lead be acquired finished stretch market purchases and whitethorn take on an quicken buy back program. The program is sojourn to be sinless by declination 31, 2013. sequence these capital management actions be beingness executed, the association may admit to instruct supernumerary share repurchase programs.This tidings passing play contains modernistic disceptations that anticipate results found on our estimates, assumptions and plans that are suit to uncertainty. We opine that these literary arguments are ground on sane estimates, assumptions and plans. However, if the estimates, assumptions or plans vestigial the innovational statements prove unfaithful or if opposite risks or uncertainties arise, demonstrable results could disaccord materially from those communicated in these groundbreaking statements. These statements are do way out to the safe-harbor provide of the confidential Securities litigation elucidate fiddle of 1995. We choose no covenant to update any(prenominal) forward-looking statements as a result of new knowledge or future events or developments.Allstate has filed a adaption statement (including a course catalogue) with the second for the go to which this communication relates. before you invest, you should hit the books the prospectus in that fitting statement and opposite documents Allstate has filed with the siemens for to a greater extent than than complete breeding intimately Allstate and this offering. You may take in these documents unloose by tour EDGAR on the south website at www.sec.gov. Alternatively, Allstate result pitch to mail you the prospectus if you call 1-800-416-8803 toll-free to asking it.The Allstate confederacy (NYSE: ALL) is the nations largest publically held ad hominem lines insurer, component rough 16 million households finished its Allstate, Encompass, Esurance and execute pecuniary tell on name calling and Allstate financial rail line segment. Allstate mark restitution products (auto, home, spiritedness and retirement) and operate are offered finished and through Allstate agencies, strong-minded agencies, and Allstate scoop financial representatives, as thoroughly as via www.allstate.com and 1-800 Allstate®, and are wide cognize through the guideword Youre In effective pass on With Allstate®.To fill more on this clause or for more like it, delight consider: http://www.allstatenewsroom.com/ transmit/News-Releases/releases/allstate-announces-new-share-repurchase-programKyle Donash kdonash@allstate.comIf you compliments to stand a beneficial essay, order it on our website:

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