This excerpt taken from the ALL 8-K filed Apr 23, 2008.
In February, Allstate announced a quarterly dividend of $0.41 per share, representing a 7.9% increase over the first quarter 2007 dividend. The announcement marked the 14th consecutive year that Allstate increased its dividend. In the first quarter, the Corporation repurchased 8.8 million shares for $424 million, completing its $4.0 billion share repurchase program, and beginning a new $2.0 billion share repurchase program announced in February that is expected to be completed by March 31, 2009.
This excerpt taken from the ALL 8-K filed Jan 29, 2008.
This excerpt taken from the ALL 8-K filed Oct 17, 2007.
This excerpt taken from the ALL 8-K filed Jul 19, 2007.
Attractive capital management is an important component of our strategy, said Wilson. During the second quarter of 2007, we completed an offering of hybrid securities and expanded our stock repurchase program. We also continued to mitigate exposure to mega-catastrophes by completing our reinsurance program in Florida and acquiring reinsurance protection for several Northeast states through the issuance of a catastrophe bond.
During the quarter, Allstate repurchased $1.5 billion of outstanding common stock representing 24.3 million shares, including shares as part of a $500 million accelerated stock repurchase agreement. As of June 30, 2007, $1.6 billion remains under the repurchase programs current $4 billion authorization. The program is expected to be completed by the end of the first quarter of 2008.
This excerpt taken from the ALL 8-K filed Apr 18, 2007.
During the first quarter we repurchased $700 million of common stock, bringing the cumulative repurchases under the $3 billion repurchase program announced in October 2006 to $907 million. Allstates board of directors has also authorized the issuance of up to $1 billion of junior subordinated securities with the proceeds to be used to repurchase up to $1 billion of our common stock by March 31, 2008, in addition to the current $3 billion authorization. We plan to complete the hybrid offering during the second quarter (market conditions permitting). We also will continue to focus on reducing our exposure to mega-catastrophes through a variety of initiatives while seeking alternative solutions for our customers, added Wilson.