i0000899051ifalseiCommon
Stock, par value $.01 per shareiALLiNYSEiCommon Stock, par value $.01 per shareiALLiCHX00008990512020-04-062020-04-060000899051exch:XNYSall:SubordinatedDebenturesDue2053At5.10PercentMember2020-04-062020-04-060000899051us-gaap:SeriesGPreferredStockMemberexch:XNYS2020-04-062020-04-060000899051exch:XNYSus-gaap:SeriesHPreferredStockMember2020-04-062020-04-060000899051exch:XNYSall:All_SeriesIPreferredStockMemberMember2020-04-062020-04-060000899051exch:XNYSus-gaap:CommonStockMember2020-04-062020-04-060000899051us-gaap:CommonStockMemberexch:XCHI2020-04-062020-04-06
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): iApril
6, 2020
THE iALLSTATE CORPORATION
(Exact name of registrant as specified in its charter)
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (i847)
i402-5000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading Symbols
Name of each exchange on which registered
Common Stock, par value $0.01 per share
ALL
New York Stock Exchange Chicago Stock Exchange
i5.100% Fixed-to-Floating Rate Subordinated Debentures due 2053
iALL.PR.B
iNew
York Stock Exchange
iDepositary Shares represent 1/1,000th of a share of 5.625% Noncumulative Preferred Stock, Series G
iALL PR G
iNew
York Stock Exchange
iDepositary Shares represent 1/1,000th of a share of 5.100% Noncumulative Preferred Stock, Series H
iALL PR H
iNew
York Stock Exchange
iDepositary Shares represent 1/1,000th of a share of 4.750% Noncumulative Preferred Stock, Series I
iALL PR I
iNew
York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
i☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 7 – Regulation FD
Item 7.01. Regulation FD Disclosure.
The Registrant’s press
release dated April 6, 2020, announcing its Shelter-in-Place Payback for auto insurance customers, is attached hereto as Exhibit 99 and is incorporated herein by reference. In connection with such Shelter-in-Place Payback, the Registrant’s first quarter 2020 underwriting income will be reduced by approximately $210 million (pre-tax) with the remainder of the Shelter-in-Place Payback to be recognized in the second quarter 2020. This amount will reduce both net income and adjusted net income from what would have been the case had the Shelter-in-Place Payback not been implemented.
The press
release is furnished and not filed, pursuant to Instruction B.2 of Form 8-K.
Cover Page Interactive Data File (formatted as inline XBRL).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
