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Stock impact report

Allstate insurance company acquires National General for $4 billion [USA TODAY]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: USA TODAY
CLOSELess drivers on the road means less claims and less accidents. Here's how you can negotiate your car insurance policy to save money.USA TODAYCONNECTTWEETLINKEDINEMAILMOREAllstate isacquiringNorthbrook, Illinois-based Allstate said the deal would boost its profitability and market share in personal liability insurance, which includes auto, RV, homeowner insurance.The deal for New York-based al General is all-cash and is expected to close in early 2021.al General has about 42,300 independent agents. The company goes back to 1939 and was once part of General Motors when it was known as GMAC Insurance. It changed its name to al General in 2013.al General has gross annual written premiums of $5.6 billion and reported operating income of $319 million in 2019. About 60% of the company's premiums come from auto insurance policies.Some 40% of al General's shareholders have already signed off on the deal.COVID-19 implications:Insurance companies look to scale back(Photo: Allstate)Follow US Show less Read more
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