What Was: "Something Is Terribly Wrong At Allstate"
The S&P cut Allstate's outlook to negative from stable today because you Wilson bought e-surance and continued to blow cash by buying back Allstsate shares with obviously absolutely no possible results as usual that would directly benefit Allstate.
You've put Allstate on credit watch for further credit downgrade as well.
Next the stock will be at $16 because you'll needlessly wreck the dividend instead of killing your Buy Backs that accomplish but your own "Stock Vesting".
It is also clear now you screwed with your employee's 401k benefits a little more by squeezing another window to decrease liquidity while it screwed the employees as you wreck the stock price of Allstate.
I noticed the Separate Account was down almost 2B from prior year also. Either a lot of folks are leaving and taking Pension or they did not fund it this year or both. Also noticed big increase in sales and other realized capital gains which is only reason why they could show any profit at all. Definitely need a change and he can take the 60% of new hire management with him.