Allstate Board Approves $2.0 Bln Share Buyback - Quick Facts

(RTTNews) - The Allstate Corporation (ALL) announced, a new $2 billion share repurchase program, will begin following the completion of current program and is expected to conclude by February 2019.

Steve Shebik, CFO, said: "In addition, with the objective of providing more transparency into the performance of our business, we are planning to adopt a new segment reporting structure effective in the fourth quarter 2017. The new reporting structure will change from our current four segments to seven segments that will include a separate segment for service businesses, broken out from traditional property and casualty, and Allstate Financial will transition to individual segments for Life, Benefits and Annuities."