Allstate to repurchase $1 billion in shares
Allstate Corp., the largest publicly traded U.S. home and auto insurer, approved a $1 billion share buyback program.
“We can resume providing additional cash returns to shareholders,” Chief Executive Officer Thomas Wilson said today in a statement distributed by PR Newswire.
The $1 billion program will be completed by the end of March 2012, the Northbrook-based insurer said.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.