ALL » Topics » Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

These excerpts taken from the ALL 10-K filed Feb 27, 2008.

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

        As of January 31, 2008, there were 122,739 record holders of The Allstate Corporation's common stock. The principal market for the common stock is the New York Stock Exchange but it is also listed on the Chicago Stock Exchange. Set forth below are the high and low New York Stock Exchange Composite listing prices of, and cash dividends declared for, the common stock during 2007 and 2006.

 
  High
  Low
  Close
  Dividends Declared
2007                
First quarter   65.85   58.28   60.06   .38
Second quarter   63.73   59.46   61.51   .38
Third quarter   62.45   50.25   57.19   .38
Fourth quarter   59.23   48.90   52.23   .38

2006

 

 

 

 

 

 

 

 
First quarter   56.09   50.22   52.11   .35
Second quarter   57.69   50.30   54.73   .35
Third quarter   62.94   54.16   62.73   .35
Fourth quarter   66.14   60.66   65.11   .35

        The payment of dividends by Allstate Insurance Company to The Allstate Corporation is limited by Illinois insurance law to formula amounts based on statutory net income and statutory surplus, as well as the timing and amount of dividends paid in the preceding twelve months. In the twelve-month period ending December 31, 2007, Allstate Insurance Company paid dividends of $4.92 billion. Based on the greater of 2007 statutory net income or 10% of statutory surplus, the maximum amount of dividends that Allstate Insurance Company will be able to pay without prior Illinois Department of Insurance approval at a given point in time in 2008 is $4.96 billion, less dividends paid during the preceding twelve months measured at that point in time. Notification and approval of intercompany lending activities is also required by the Illinois Department of Insurance for those transactions that exceed formula amounts based on statutory admitted assets and statutory surplus.

29


Period

  Total Number of Shares
(or Units) Purchased(1)

  Average Price Paid per Share (or Unit)
  Total Number
of Shares
(or Units) Purchased as Part of Publicly Announced Plans or Programs(2)

  Maximum Number
(or Approximate Dollar Value) of Shares
(or Units) that May
Yet Be Purchased
Under the Plans or
Programs

October 1, 2007 - October 31, 2007   3,425,958   $ 56.1267   3,425,075   $627 million
November 1, 2007 - November 30, 2007   3,651,893   $ 51.6180   3,650,421   $439 million
December 1, 2007 - December 31, 2007   3,831,782   $ 51.8870   3,831,782   $240 million
Total   10,909,633   $ 53.1284   10,907,278    

(1)
In accordance with the terms of its equity compensation plans, Allstate acquired the following shares in connection with stock option exercises by employees and/or directors. The stock was received in payment of the exercise price of the options and in satisfaction of withholding taxes due upon exercise or vesting.


October:    883
November:    1,472
December:    none

(2)
Repurchases under our programs are, from time to time, executed under the terms of a pre-set trading plan meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934.


On October 18, 2006, Allstate announced the approval of a new share repurchase program for $3.00 billion.


Consistent with the announcement on April 18, 2007, Allstate increased the program to $4.00 billion following the issuance of $1.00 billion of junior subordinated securities. The program is expected to be completed by March 31, 2008.


On February 26, 2008, Allstate announced the approval of a new share repurchase program for $2.00 billion. This program is expected to be completed by March 31, 2009.

30


Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities




        As of January 31, 2008, there were 122,739 record holders of The Allstate Corporation's common stock. The principal market for the common stock is the New
York Stock Exchange but it is also listed on the Chicago Stock Exchange. Set forth below are the high and low New York Stock Exchange Composite listing prices of, and cash dividends declared for, the
common stock during 2007 and 2006.






























































































































 
 High
 Low
 Close
 Dividends Declared
2007        
First quarter 65.85 58.28 60.06 .38
Second quarter 63.73 59.46 61.51 .38
Third quarter 62.45 50.25 57.19 .38
Fourth quarter 59.23 48.90 52.23 .38

2006

 


 

 


 

 


 

 


 
First quarter 56.09 50.22 52.11 .35
Second quarter 57.69 50.30 54.73 .35
Third quarter 62.94 54.16 62.73 .35
Fourth quarter 66.14 60.66 65.11 .35




        The payment of dividends by Allstate Insurance Company to The Allstate Corporation is limited by Illinois insurance law to formula amounts based
on statutory net income and statutory surplus, as well as the timing and amount of dividends paid in the preceding twelve months. In the twelve-month period ending December 31, 2007, Allstate
Insurance Company paid dividends of $4.92 billion. Based on the greater of 2007 statutory net income or 10% of statutory surplus, the maximum amount of dividends that Allstate Insurance Company
will be able to pay without prior Illinois Department of Insurance approval at a given point in time in 2008 is $4.96 billion, less dividends paid during the preceding twelve months measured at
that point in time. Notification and approval of intercompany lending activities is also required by the Illinois Department of Insurance for those transactions that exceed formula amounts based on
statutory admitted assets and statutory surplus.



29






































































Period

 Total Number of Shares

(or Units) Purchased(1)

 Average Price Paid per Share (or Unit)
 Total Number

of Shares

(or Units) Purchased as Part of Publicly Announced Plans or Programs(2)

 Maximum Number

(or Approximate Dollar Value) of Shares

(or Units) that May

Yet Be Purchased

Under the Plans or

Programs

October 1, 2007 - October 31, 2007 3,425,958 $56.1267 3,425,075 $627 million
November 1, 2007 - November 30, 2007 3,651,893 $51.6180 3,650,421 $439 million
December 1, 2007 - December 31, 2007 3,831,782 $51.8870 3,831,782 $240 million
Total 10,909,633 $53.1284 10,907,278  






(1)
In
accordance with the terms of its equity compensation plans, Allstate acquired the following shares in connection with stock option exercises by employees and/or directors. The
stock was received in payment of the exercise price of the options and in satisfaction of withholding taxes due upon exercise or vesting.



October:    883

November:    1,472

December:    none


(2)
Repurchases
under our programs are, from time to time, executed under the terms of a pre-set trading plan meeting the requirements of Rule 10b5-1(c) of
the Securities Exchange Act of 1934.



On
October 18, 2006, Allstate announced the approval of a new share repurchase program for $3.00 billion.



Consistent
with the announcement on April 18, 2007, Allstate increased the program to $4.00 billion following the issuance of
$1.00 billion of junior subordinated securities. The program is expected to be completed by March 31, 2008.



On
February 26, 2008, Allstate announced the approval of a new share repurchase program for $2.00 billion. This program is expected to be
completed by March 31, 2009.

30









This excerpt taken from the ALL 10-K filed Feb 22, 2007.

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

        As of January 31, 2007, there were 130,552 record holders of The Allstate Corporation's common stock. The principal market for the common stock is the New York Stock Exchange but it is also listed on the Chicago Stock Exchange. Set forth below are the high and low New York Stock Exchange Composite listing prices of, and cash dividends declared for, the common stock during 2006 and 2005.

 
  High
  Low
  Close
  Dividends
Declared

2006                
First quarter   56.09   50.22   52.11   .35
Second quarter   57.69   50.30   54.73   .35
Third quarter   62.94   54.16   62.73   .35
Fourth quarter   66.14   60.66   65.11   .35

2005

 

 

 

 

 

 

 

 
First quarter   55.41   49.66   54.06   .32
Second quarter   60.87   52.35   59.75   .32
Third quarter   63.22   49.90   55.29   .32
Fourth quarter   57.91   51.61   54.07   .32

        The payment of dividends by Allstate Insurance Company to The Allstate Corporation is limited by Illinois insurance law to formula amounts based on statutory net income and statutory surplus, as well as the timing and amount of dividends paid in the preceding twelve months. In the twelve-month period ending December 31, 2006, Allstate Insurance Company paid dividends of $1.01 billion. Based on the greater of 2006 statutory net income or 10% of statutory surplus, the maximum amount of dividends that Allstate Insurance Company will be able to pay without prior Illinois Department of Insurance approval at a given point in time in 2007 is $4.92 billion, less dividends paid during the preceding twelve months measured at that point in time. Notification and approval of intercompany lending activities is also required by the Illinois Department of Insurance for those transactions that exceed formula amounts based on statutory admitted assets and statutory surplus.

28


Period

  Total Number of Shares
(or Units) Purchased(1)

  Average Price Paid per Share (or Unit)
  Total Number
of Shares
(or Units) Purchased as Part of Publicly Announced Plans or Programs(2)

  Maximum Number
(or Approximate Dollar Value) of Shares
(or Units) that May
Yet Be Purchased
Under the Plans or
Programs

October 1, 2006 - October 31, 2006   3,173,865   $ 62.5165   3,173,400   $96 million
November 1, 2006 - November 30, 2006   2,692,110   $ 62.9676   2,651,700   $2.9 billion
December 1, 2006 - December 31, 2006   2,207,937   $ 64.7862   2,098,185   $2.8 billion
Total   8,073,912   $ 63.2876   7,923,285    

(1)
In accordance with the terms of its equity compensation plans, Allstate acquired the following shares in connection with stock option exercises by employees and/or directors. The stock was received in payment of the exercise price of the options and in satisfaction of withholding taxes due upon exercise or vesting.


October:    465
November:    40,410
December:    109,752

(2)
Repurchases under our programs are, from time to time, executed under the terms of a pre-set trading plan meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934.


On November 9, 2004, Allstate announced the approval of a new repurchase program for $4.00 billion. This program was completed as of December 31, 2006.


On October 18, 2006, Allstate announced the approval of a new share repurchase program for $3.00 billion, which is expected to be completed by March, 31 2008.

29


This excerpt taken from the ALL 10-K filed Feb 24, 2005.

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

        As of January 31, 2005, there were 153,482 record holders of The Allstate Corporation's common stock. The principal market for the common stock is the New York Stock Exchange but it is also listed on the Chicago Stock Exchange. Set forth below are the high and low New York Stock Exchange Composite listing prices of, and cash dividends declared for, the common stock during 2004 and 2003.

 
  High
  Low
  Close
  Dividends
Declared

 
2004                  
First quarter   47.19   42.55   45.46   .28  
Second quarter   48.16   42.91   46.55   .28  
Third quarter   49.22   45.50   47.99   .28  
Fourth quarter   51.99   45.50   51.72   .28  

2003

 

 

 

 

 

 

 

 

 
First quarter   38.56   30.05   33.17   .23  
Second quarter   38.65   33.40   35.65   .23  
Third quarter   39.64   34.88   36.53   .23  
Fourth quarter   43.27   36.56   43.02   .23  
Fourth quarter               .01 *

*
Redemption of the rights issued pursuant to 1999 Rights Agreement at the redemption price of one cent ($0.01) per right, payable to each holder of record of the common stock as of the close of business on November 28, 2003.

        The payment of dividends by Allstate Insurance Company to The Allstate Corporation is limited by Illinois insurance law to formula amounts based on statutory net income and statutory surplus, as well as the timing and amount of dividends paid in the preceding twelve months. In the twelve-month period ending December 31, 2004, Allstate Insurance Company paid dividends of $2.49 billion. Based on the greater of 2004 statutory net income or 10% of statutory surplus, the maximum amount of dividends that Allstate Insurance Company will be able to pay without prior Illinois Department of Insurance approval at a given point in time in 2005 is $3.86 billion, less dividends paid during the preceding twelve months measured at that point in time. Notification and approval of intercompany lending activities is also required by the Illinois Department of Insurance for those transactions that exceed formula amounts based on statutory admitted assets and statutory surplus.

19


Period

  Total Number
of Shares
(or Units)
Purchased(1)

  Average Price
Paid per Share
(or Unit)

  Total Number
of Shares
(or Units)
Purchased as Part of Publicly Announced Plans or Programs(2)

  Maximum Number
(or Approximate Dollar
Value) of Shares
(or Units) that May Yet Be Purchased Under the Plans or Programs

October 1, 2004 - October 31, 2004   3,043,000   $ 47.5372   3,043,000   $ 252 million
November 1, 2004 - November 30, 2004   1,655,991   $ 49.3955   1,653,400   $ 4,170 million
December 1, 2004 - December 31, 2004   3,364,852   $ 50.8342   3,344,215   $ 4.00 billion
Total   8,063,843   $ 49.2946   8,040,615      

(1)
Shares repurchased other than through a publicly announced program.

        October:    None.

        November:    In accordance with the terms of its equity compensation plans, Allstate acquired 2,591 shares in satisfaction of withholding taxes due upon the exercise of stock options and the vesting of restricted stock held by employees and/or directors.

        December:    In accordance with the terms of its equity compensation plans, Allstate acquired 20,637 shares in connection with stock option exercises by employees and/or directors. The stock was received in payment of the exercise price of the options and in satisfaction of withholding taxes due upon exercise.

(2)
Publicly announced repurchase programs.

        On February 4, 2004, Allstate announced the approval of a $1.00 billion increase to its $500 million share repurchase program. The $500 million program had been previously announced on February 4, 2003. This program was completed as of December 31, 2004.

        On November 9, 2004, Allstate announced the approval of a new repurchase program for $4.00 billion, which is expected to be completed in 2006.

20



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