Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

As of January 31, 2020, there were 67,204 holders of record of The Allstate Corporation’s common stock. The principal market for the common stock is the New York Stock Exchange, where our common stock trades under the trading symbol “ALL”. Our common stock is also listed on the Chicago Stock Exchange.

Common stock performance graph

The following performance graph compares the cumulative total shareholder return on Allstate common stock for a five-year period (December 31, 2014 to December 31, 2019) with the cumulative total return of the S&P Property and Casualty Insurance Index (S&P P/C) and the S&P’s 500 stock index.



Value at each year-end of $100 initial investment made on December 31, 2014
	12/31/2014		12/31/2015		12/31/2016		12/31/2017		12/31/2018		12/31/2019
Allstate	$	100.00	$	90.04	$	109.58	$	157.38	$	126.66	$	175.82
S&P P/C	$	100.00	$	109.53	$	126.73	$	155.10	$	147.83	$	186.07
S&P 500	$	100.00	$	101.37	$	113.49	$	138.26	$	132.19	$	173.80

30 www.allstate.com

2019 Form 10-K

Issuer Purchases of Equity Securities



Period	Total number of shares (or units) purchased (1)	Average price paid per share (or unit)		Total number of shares (or units) purchased as part of publicly announced plans or programs (3)	Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs (4)
October 1, 2019 - October 31, 2019
Open Market Purchases	2,479,268	$	107.41	2,472,623
November 1, 2019 - November 30, 2019
Open Market Purchases	122,866	$	106.19	112,930
ASR Agreement (2)	4,013,220	—		4,013,220
December 1, 2019 - December 31, 2019
Open Market Purchases	54	$	110.14	—
Total	6,615,408			6,598,773	$	259	million


(1)	In accordance with the terms of its equity compensation plans, Allstate acquired the following shares in connection with the vesting of restricted stock units and performance stock awards and the exercise of stock options held by employees and/or directors. The shares were acquired in satisfaction of withholding taxes due upon exercise or vesting and in payment of the exercise price of the options.

(1)

In accordance with the terms of its equity compensation plans, Allstate acquired the following shares in connection with the vesting of restricted stock units and performance stock awards and the exercise of stock options held by employees and/or directors. The shares were acquired in satisfaction of withholding taxes due upon exercise or vesting and in payment of the exercise price of the options.

October: 6,645

November: 9,936

December: 54


(2)	On November 1, 2019, Allstate entered into an accelerated share repurchase agreement (“ASR agreement”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to purchase $500 million of our outstanding common stock. In exchange for an upfront payment of $500 million, Goldman Sachs initially delivered 4.01 million shares to Allstate. The ASR agreement settled on January 8, 2020, and we repurchased a total of 4.6 million shares at an average price of $109.51.

(2)

On November 1, 2019, Allstate entered into an accelerated share repurchase agreement (“ASR agreement”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to purchase $500 million of our outstanding common stock. In exchange for an upfront payment of $500 million, Goldman Sachs initially delivered 4.01 million shares to Allstate. The ASR agreement settled on January 8, 2020, and we repurchased a total of 4.6 million shares at an average price of $109.51.


(3)	From time to time, repurchases under our programs are executed under the terms of a pre-set trading plan meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934.


(4)	On October 31, 2018, we announced the approval of a common share repurchase program for $3 billion, which was completed in January 2020.

The Allstate Corporation 31

2019 Form 10-K

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