Allstate Corp., the largest publicly traded U.S. home and auto insurer, said second-quarter earnings will be cut by about $320 million on costs tied to extinguishing debt.
Allstate paid about $2.3 billion to retire bonds with a principal amount of approximately $1.8 billion, the Northbrook, Illinois-based insurer said today in a statement distributed by PR Newswire.
Copyright 2026 Bloomberg.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
NAIC Victim of Cyber Incident Via PeopleSoft System 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
