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 2025 Bloomberg.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University 
Surveys Show Concerns About Florida Market, But Consumers Are Warming Up 
Owner of Historic Minnesota Resort Charged With Arson, Insurance Fraud 
Lawsuit Over Burger King’s Whopper Ads Set Back by Federal Judge 
