filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
As of January 31, 2024, there were 56,831 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, 2018 to December 31, 2023) with the cumulative total return of the S&P Property and Casualty Insurance Index (S&P P/C) and the S&P 500 stock index.
| Value at each year-end of $100 initial investment made on December 31, 2018 | ||||||||||||||||||||||||||||||||||||||
| 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 | |||||||||||||||||||||||||||||||||
| Allstate | $ | 100.00 | $ | 138.82 | $ | 138.65 | $ | 152.35 | $ | 180.29 | $ | 191.72 | ||||||||||||||||||||||||||
| S&P P/C | $ | 100.00 | $ | 125.87 | $ | 133.84 | $ | 157.27 | $ | 186.95 | $ | 207.04 | ||||||||||||||||||||||||||
| S&P 500 | $ | 100.00 | $ | 131.47 | $ | 155.65 | $ | 200.29 | $ | 163.98 | $ | 207.04 |
The Allstate Corporation 33
2023 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 | Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs (2) | ||||||||||||||||||||||
| October 1, 2023 - October 31, 2023 | ||||||||||||||||||||||||||
| Open Market Purchases | 329 | $ | 112.37 | — | ||||||||||||||||||||||
| November 1, 2023 - November 30, 2023 | ||||||||||||||||||||||||||
| Open Market Purchases | 125,437 | $ | 134.12 | — | ||||||||||||||||||||||
| December 1, 2023 - December 31, 2023 | ||||||||||||||||||||||||||
| Open Market Purchases | 2,798 | $ | 138.37 | — | ||||||||||||||||||||||
| Total | 128,564 | $ | 134.15 | — | $ | 472 | 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.
October: 329
November: 125,437
December: 2,798
(2)In August 2021, we announced the approval of a common share repurchase program for $5 billion. In July 2023, we suspended repurchasing shares under the current authorization. The authorization for the share repurchase program expires on March 31, 2024. The Inflation Reduction Act, enacted in August 2022, imposes a 1% excise tax on stock repurchases occurring after December 31, 2022. The excise tax on common stock repurchases is classified as an additional cost of the stock acquired included in treasury stock in shareholders’ equity*.*
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