Allstate Corp at William Blair Growth Stock Conference Summary - Thomson StreetEvents

Allstate Corp at William Blair Growth Stock Conference Summary

Allstate Corp at William Blair Growth Stock Conference Summary - Thomson StreetEvents
Allstate Corp at William Blair Growth Stock Conference Summary
Published Jun 05, 2024
6 pages (3092 words) — Published Jun 05, 2024
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of ALL.N presentation 5-Jun-24 1:00pm GMT

  
Brief Excerpt:

...A. So we've raised prices in the Allstate Insurance, auto policies by over 32% in two years. B. So we backed off on growth which improved our profitability. C. So it's really we call it transformative growth and it starts with, really saying it's about getting our price lower, that about 70% of the purchase decision is made on price and so we had a good product, slightly premium price, not more expensive people like [chubb] up by that, but fairly premium pricing. D. And so we have done a dramatic reduction in our expense reduction. E. But if you're price competitive, if you buy directly and want to pay for an agent, so we lowered the price of you buy an Allstate product over the web through us, you pay 7% less than if you buy it through an Allstate agent. F. So National General that we paid $4 billion -- $4.1 billion. G. As I mentioned, it's now headed towards rate is doing about $10 billion a year, which is about twice what it was when we bought it in 2020. H. Costco ,Target, Home Depot,...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Allstate Corp
Ticker
ALL.N
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Adam Klauber - William Blair - Analyst : Great, overview about a bunch of initiatives. Can we dive into one of the growth pillars is you've done a lot of work in digital and you've really come up in your digital capability. So I guess one, how important is digital to growing your platform? And two, from a technology standpoint, what have you done in the last three, four, five years to upgrade your digital capability.

Question: Adam Klauber - William Blair - Analyst : Another (technical difficulty) growth or strategic actioning, and you change the commission structure for your agents to incent growth. I guess when did you do that? And there's been a lot of dislocation, as you mentioned, but are you starting to see more seeds? Is that driving more growth within the agency, the captive agent platform?

Question: Adam Klauber - William Blair - Analyst : Great. But more of I guess, macro industry question, a lot of investors, I get this question all the time that there is a nice groundswell, there's a lot of pricing power in the industry today, no one can really predict when that pricing power will add but from an investor standpoint, what are the signs that they can look for saying, okay, maybe the industry doesn't have as much pricing power in 6 months, 12 months, two years. What type of things should they be look for for a gauge and pricing power in auto specifically? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 05, 2024 / 1:00PM, ALL.N - Allstate Corp at William Blair Growth Stock Conference

Question: Adam Klauber - William Blair - Analyst : That's the decision. Thank you.

Table Of Contents

Allstate Corp Q3 2024 Earnings Call Summary – 2024-10-31 – US$ 54.00 – Edited Brief of ALL.N earnings conference call or presentation 31-Oct-24 1:00pm GMT

Allstate Corp Q3 2024 Earnings Call Transcript – 2024-10-31 – US$ 54.00 – Edited Transcript of ALL.N earnings conference call or presentation 31-Oct-24 1:00pm GMT

Allstate Investor Call Summary – 2024-08-14 – US$ 54.00 – Edited Brief of ALL.N conference call or presentation 14-Aug-24 1:00pm GMT

Allstate Investor Call Transcript – 2024-08-14 – US$ 54.00 – Edited Transcript of ALL.N conference call or presentation 14-Aug-24 1:00pm GMT

Allstate Corp at William Blair Growth Stock Conference Transcript – 2024-06-05 – US$ 54.00 – Edited Transcript of ALL.N presentation 5-Jun-24 1:00pm GMT

Allstate Corp Q3 2023 Earnings Call Summary – 2023-11-02 – US$ 54.00 – Edited Brief of ALL.N earnings conference call or presentation 2-Nov-23 1:00pm GMT

Allstate Corp Q3 2023 Earnings Call Transcript – 2023-11-02 – US$ 54.00 – Edited Transcript of ALL.N earnings conference call or presentation 2-Nov-23 1:00pm GMT

Allstate Corp at Barclays Global Financial Services Conference Summary – 2023-09-12 – US$ 54.00 – Edited Brief of ALL.N presentation 12-Sep-23 12:15pm GMT

Allstate Corp at Barclays Global Financial Services Conference Transcript – 2023-09-12 – US$ 54.00 – Edited Transcript of ALL.N presentation 12-Sep-23 12:15pm GMT

Allstate Corp Q2 2023 Earnings Call Summary – 2023-08-02 – US$ 54.00 – Edited Brief of ALL.N earnings conference call or presentation 2-Aug-23 3:00pm GMT

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MLA:
Thomson StreetEvents. "Allstate Corp at William Blair Growth Stock Conference Summary" Jun 05, 2024. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Allstate-Corp-at-William-Blair-Growth-Stock-Conference-B16010476>
  
APA:
Thomson StreetEvents. (2024). Allstate Corp at William Blair Growth Stock Conference Summary Jun 05, 2024. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Allstate-Corp-at-William-Blair-Growth-Stock-Conference-B16010476>
  
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