Allstate to return $600 million in auto premiums to customers as pandemic cuts driving [Yahoo! Finance News]
Allstate Corporation (The) (ALL)
Last allstate corporation (the) earnings: 2/4 06:08 pm
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Source: Yahoo! Finance News
Outbreak of the coronavirus disease COVID-19) in SeattleBy Suzanne Barlyn) - U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to "shelter-in-place" orders to curb the coronavirus outbreak.Most customers will receive a "payback" of 15% of their monthly premium in April and May, the company said.A smaller U.S. auto insurer, American Family Insurance in Madison, Wisconsin, also said on Monday that it would return a total of $200 million to auto insurance customers beginning in mid-April. Customers will receive $50 per vehicle covered by their policies, the company said.The payments show how coronavirus could provide a silver lining for at least one industry - auto insurance companies - as more drivers stay off the roads.Allstate's payback, which will apply to 18 million policies issued by Allstate and its Esurance and Encompass units, follows a data analysis by the
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ALL
Earnings
- 11/5/25 - Beat
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Sec Filings
- 12/3/25 - Form 4
- 12/1/25 - Form 4
- 12/1/25 - Form 144
- ALL's page on the SEC website