Allstate Releases New Prosperity Report
The Allstate Corporation (NYSE: ALL) has released its new Prosperity Report, outlining how it meets the needs of communities, customers, employees, agents and investors. The insurer this year added information on its approach to climate change. In his letter to shareholders, Allstate Chair, President and CEO Tom Wilson outlined how Allstate is helping customers and nonprofit partners cope in these challenging times.
“Allstate has been in the catastrophe business for 89 years and helped rebuild communities after hurricanes, earthquakes and wildfires,” said Wilson. “The impact of these events was more geographically concentrated than the coronavirus pandemic yet the lessons from past disasters are valuable in helping customers cope with this crisis. Putting people first, we are giving money back to auto insurance customers as they drive less due to social distancing. Financially struggling customers can defer their payments. The Allstate Foundation and our people are supporting many social service organizations. We will get through this pandemic and be stronger.”
The full Prosperity Report can be found here.
To learn more about Allstate’s sustainability initiatives, please visit allstatesustainability.com.