INVESTOR ALERT: Investigation of The Allstate Corporation Announced by Law Offices of Howard G. Smith
Law Offices of Howard G. Smith announces an investigation on behalf of investors of The Allstate
Corporation (“Allstate” or the “Company”) (ALL) concerning the Company and its officers’ possible violations of federal securities laws. Allstate investors
are encouraged to contact Howard G. Smith to discuss their potential claims against Allstate for certain investment losses.
On August 3, 2015, post-market, Allstate disclosed its second quarter 2015 financial results. In its report Allstate announced a
third consecutive quarter of heightened auto claims frequency, a 57% reduction in operating income and operating earnings per share
that were $0.34 under analysts' estimates. Following Allstate's earnings release, the Company's Chief Executive Officer stated that
the lower quarterly profit was primarily caused by "a deterioration in auto insurance margins" claiming that “margins decreased as
higher claim frequency and severity more than offset average auto insurance price increases."
Due to these disclosures, Allstate's share price fell over 10%, to close at $62.34 on August 4, 2015 thereby damaging
investors.
If you purchased Allstate securities, have information or would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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