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.
Row House Fire in Brooklyn Kills 6 People and Injures 9 
Nvidia-Backed Fireworks AI Notifies Customers of Its Second Hack in Weeks 
Insurtech Lemonade Posts $43.7M Loss for Q3 
Some 40% of Planned Data Center Capacity Is in States Wanting to Hit Pause 
