All signs are now pointing to an acquisition by 2024.
Prove me wrong
19 replies (most recent on top)
This would require an approval by the federal government, they will not approve a sale like this as those insurance companies that could buy us would create an too large of an insurance company.
Prove you wrong? Is this some sort of juvenile threat? Meet me outside on January 1, 2025. Then we’ll know if you were proven wrong.
The stock price is too high. What company has enough money to buy Allstate at this price? It is not going to happen. This comes up every month of so and every time the people that claim Allstate is going to be sold are wrong. Nobody can afford or would want to buy Allstate at this price. The cost alone is too high, but then you have the additional cost of laying people off, integration of systems, etc. NOT GOING TO HAPPEN.
Mayfield Ohio here we come!
I will start.
- Sold Life Book
- Sold Allstate Campus
- Huge stock buybacks for shareholders while money bleeds out.
- Independent Agency office phone takeover.
- Covid opportunity to go 100% remote and done in three days.
- Non renew commercial in five key states.
- Transfer employees to vendors so layoff numbers will not show.
- Provide record bonus to CEO while bleeding money in losses.
- Post on Facebook to Florida in 2021 we are here for you then pull out Castle in 2023.
- CFO sells $1 million in stock exercising options not set to expire until 2029.
Where in the Constitution is it written that we are obligated to prove anything to you?
If their going to sale, I hope they hurry up.
“go away”, lol. Sorry I think I’ll stick around unless freedom of choice has been removed from the Constitution?
Shafting agents and abysmal sales leadership team.
lets not forget sold life book also
Mwahahahahaha
Who cares? Get another job.
You are posting on this site….proved wrong.
Come back when you are right. Otherwise go away.
Completely accurate but in fairness, this has been reported on Forbes and Insurance Insider in the last couple of months.
Yep. Shedding payroll expense. Elimination of most exclusive agents (modern insurance companies want no part of that). All vendor contracts only running until mid 2025. Just three telltale signs.
38 year agent here...I fully agree.
Offloading business commercial auto was a start for me. Selling my book now.
What signs are you referring to? Moves to vendor, Pune, rate hikes? How do these things support an acquisition?
What signs besides your own speculation is that?