Allstate CFO says performance ‘demonstrates operational excellence’

“Allstate’s (ALL) performance this quarter demonstrates operational excellence and a balance of risk and return that provides stability for customers and shareholders. Completion of the Employer Voluntary Benefits business sale and the agreement to sell the Group Health business will improve the growth opportunities of these businesses and creates value for Allstate shareholders. We continue to proactively manage capital, as evidenced by our previously announced $1.5 billion share repurchase program and quarterly dividend increase to $1.00 per common share,” said Jess Merten, Chief Financial Officer.