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Free Writing Prospectus |
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Filed pursuant to Rule 433 |
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Registration Statement No. 333-181059 |
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Dated December 2, 2013 |
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2013 Fact Sheet |
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The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, serving approximately 16 million households whose members know “You’re In Good Hands With Allstate®.” Allstate was founded in 1931 and became a publicly traded company in 1993.
Four distinct consumer segments provide competitively unique offerings to penetrate the market, protect people from life’s uncertainties and prepare them for the future. This customer-focused strategy drives a completely differentiated approach to the market and demonstrates a strong competitive position. The following brands provide innovative offerings to the four segments of the consumer insurance market:
Allstate’s Capital Structure at September 30, 2013
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RATING/OUTLOOK |
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OUTSTANDING |
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Moody’s |
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Standards & Poor’s |
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A.M. Best |
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Senior Debt |
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$4.1 billion |
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A3 (Stable) |
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A- (Stable) |
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a- (Stable) |
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Subordinated Debt |
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$2.1 billion |
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Baa1 |
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BBB |
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bbb+ |
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Preferred Stock |
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$672.5 million |
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Baa3 |
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BBB- |
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bbb |
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(26.9 million depositary shares) |
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Common Stock |
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$9.0 million |
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— |
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— |
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Market Cap: $23 billion |
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Through the execution of a proactive and disciplined capital management plan Allstate has improved financial strength and strategic flexibility. In May 2013, Allstate announced the plan to use preferred stock and subordinated debt to refinance a portion of its existing debt. The comprehensive plan has or will repay or prefund approximately $3.0 billion of debt retirements in 2013 and 2014 through the issuance of new securities.
Financial Highlights
As of September 30, 2013, total assets were $122.3 billion. Strong results continue to reflect the benefits of a broad and comprehensive consumer segmented strategy.
Five-year Summary of Selected Financial Data
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($ in millions, except per share |
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Sept. 30 |
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data and ratios) |
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2013 |
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2012 |
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2011 |
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2010 |
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2009 |
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2008 |
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Consolidated Operating Results |
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Insurance premium & contract charges |
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22,346 |
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28,978 |
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28,180 |
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28,125 |
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28,152 |
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28,862 |
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Net investment income |
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2,917 |
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4,010 |
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3,971 |
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4,102 |
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4,444 |
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5,622 |
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Total revenues |
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25,715 |
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33,315 |
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32,654 |
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31,400 |
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32,013 |
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29,394 |
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Net income (loss) |
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1,459 |
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2,306 |
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787 |
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911 |
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888 |
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(1,542 |
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Consolidated Financial Position |
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Investments |
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80,483 |
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97,278 |
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95,618 |
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100,483 |
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99,833 |
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95,998 |
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Total assets |
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122,285 |
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126,947 |
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125,193 |
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130,500 |
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132,209 |
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134,351 |
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2013 Operating Priorities
Every year, Allstate defines and reports our operating priorities. These priorities provide the framework for our cohesive corporate strategy. Below are the five 2013 operating priorities with select results through September 30, 2013.
Grow Insurance Premiums
· Overall net premiums written increased 4% from year-to-date 2012, with all brands contributing.
· Allstate brand standard auto policies in force increased over the prior year-to-date.
· Allstate brand homeowners policies in force decreased from year-to-date 2012, although the rate of decline has slowed.
· Esurance grew net written premium 29.6% and policies in force 32.0% from year-to-date 2012.
· Encompass grew net written premium 9.1% and policies in force 7.2% from year-to-date 2012.
· Allstate Financial premiums and contract charges grew 4.0% from year-to-date 2012, 5.2% for underwritten products.
Maintain Auto Profitability
· Allstate brand standard auto combined ratio of 94.7.
· Esurance standard auto combined ratio of 117.7.
· Encompass standard auto combined ratio of 103.6, 4.7 point improvement from year-to-date 2012.
· Esurance and Encompass continue to adjust pricing and underwriting to ensure growth is achieved at acceptable margins.
Raise Returns in Homeowners and Annuity Businesses
· Improved Allstate brand homeowners profitability with a combined ratio of 81.7.
· Focus turning to building a sustainable competitive advantage.
· Annuity returns improved; long-term outlook remains challenged by the interest rate environment.
Proactively Manage Investments
· Net investment income increased on strong limited partnership income; total portfolio return for year-to-date of 0.7%.
· Shortened properly-liability portfolio duration to partially mitigate impact of rising interest rates.
Reduce Our Cost Structure
· Progress in reducing the cost structure through simplification, process improvements and benefit plan changes.
How to contact us:
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Corporate Headquarters/ Home Office The Allstate Corporation 2775 Sanders Road Northbrook, IL 60062-6127 (800) 574-3553
www.allstate.com |
Stock Exchange Listing The Allstate Corporation common and preferred stock are listed on the New York Stock Exchange. |
Annual Reports The Allstate Corporation’s Annual Report is available online at: www.allstate.com/annualreport
For additional questions contact: Investor Relations The Allstate Corporation 2775 Sanders Road, Suite F3SE Northbrook, IL 60062-6127 (800) 416-8803 |
Transfer Agent/ Shareholder Services For information or assistance regarding individual records or dividend payments, contact Wells Fargo Shareholder Services, in any of the following ways: By telephone: (800) 355-5191 within the U.S. or (651) 450-4064 outside the U.S. By fax: (651) 450-4033 By mail: Wells Fargo Bank N.A. Shareholder Services 1110 Centre Point Curve Suite 101 Mendota Heights, MN 55120-4100 |
Independent Registered Public Accounting Firm Deloitte & Touche LLP 111 South Wacker Drive Chicago, IL 60606-4301 |
Online Information You can access financial and other information about Allstate on our website, www.allstateinvestors.com, including executive speeches, investor conference calls and quarterly investor information. |
Allstate has filed a registration statement (including a prospectus and related prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Allstate has filed with the SEC for more complete information about Allstate and this offering. You may obtain these documents free by visiting EDGAR on the SEC website at www·sec·gov. Alternatively, you may obtain a copy of the prospectus and related prospectus supplement by contacting Incapital LLC, Attn: DCM Prospectus Department, 200 S. Wacker Drive, Suite 3700, Chicago, IL 60606, prospectus_requests@incapital.com.