NORTHBROOK, Ill., Feb. 4 /PRNewswire-FirstCall/ --
The Allstate Corporation (NYSE: ALL) today announced a quarterly dividend of
twenty-three cents ($0.23) on each outstanding share of the corporation's
common stock payable in cash on April 1, 2003 to stockholders of record at the
close of business on Feb. 28, 2003. This dividend is a two-cent increase from
the previous quarter.
The corporation also announced today that a new $500 million share
repurchase program had been approved to be completed by Dec. 31, 2005.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held
personal lines insurer. Widely known through the "You're In Good Hands With
Allstate(R)" slogan, Allstate provides insurance products to more than
16 million households and has approximately 12,500 exclusive agents and
financial specialists in the U.S. and Canada. Customers can access Allstate
products and services through Allstate agents, or in select states at
allstate.com and 1-800-Allstate(R). Encompass(SM) and Deerbrook(R) Insurance
brand property and casualty products are sold exclusively through independent
agents. Allstate Financial Group includes the businesses that provide life
insurance, retirement and investment products, through Allstate agents,
workplace marketing, independent agents, banks and securities firms.
SOURCE The Allstate Corporation
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Related links:
http://www.allstate.com
Company News On-Call:
http://www.prnewswire.com/comp/109885.html
CONTACT:
Michael Trevino of The Allstate Corporation,
+1-847-402-5600
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