The Allstate Corporation has announced that Maria Morris, the former Executive Vice President, Global Employee Benefits at MetLife, has been elected to Allstate’s board of directors, effective January 2, 2024.
She previously served on MetLife’s Executive Group for almost 10 years, and also served in a variety of senior leadership positions across her 33-year career, which culminated by taking on the role of leading the Global Employee Benefits business.
In addition, Morris also serves on the Boards of Wells Fargo & Co., S&P Global and Resolution Life.
Morris is also the National Board chair of All Stars Project, and also serves on the boards of Catholic Charities of New York and Helen Keller International.
Tom Wilson, Allstate Chair, President and CEO, commented: “Maria’s broad insurance experience at MetLife, from employee benefits to personal property liability, will provide support in executing our plans to improve profitability. In addition, her successful strategic, operational and technology leadership will provide expertise in overseeing the strategy to increase market share and broaden protection provided to customers.”
Allstate Lead Director Gregg Sherrill, said: “Maria’s board experience in financial services and risk management adds yet another dimension to an exceptional board.”
Addressing her new role, Morris said: “Allstate is a highly trusted brand in a critical industry and a company known for forward-thinking leaders and an experienced board. I am excited to build on Allstate’s history of success.”
In related news, Allstate reported a net loss of $41 million for Q3 23, as well as a loss of $1.8 billion for 9M 2023, compared with a loss of $685 million and $1.1 billion, respectively, in 2022.
