The Allstate Corporation (ALL) recently announced total catastrophe (CAT) losses for July and August at $814 million or $643 million after taxes. For August alone, the amount was estimated at $272 million or $215 million after taxes. August year-to-date catastrophe losses came in at $3.67 billion.In the first half of 2024, its catastrophe losses dropped 35% year over year to $2.85 billion. The August catastrophe losses include 15 events estimated at $306 million. This follows July’s catastrophe losses of $5 ...

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The most recent trading session ended with Allstate (ALL) standing at $191.01, reflecting a +0.39% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.31%.The the stock of insurer has risen by 5.46% in the past month, leading the Finance sector's gain of 2.97% and the S&P 500's gain of 1.57%.Market participants will be closely following the financial results of Allstate in its upcoming re ...

A month has gone by since the last earnings report for Allstate (ALL) . Shares have added about 6.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Allstate due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Allstate Q2 Earnings Beat on Property-Liability Rate HikesAl ...

The Allstate Corporation (ALL) is well-poised to grow on the back of rising premiums thanks to rate increases in auto and home insurance businesses. The company keeps expanding its Protection Services business with strategic acquisitions, which positions it for long-term growth.Allstate — with a market cap of $49.4 billion — is a major property and casualty insurance provider with operations in the United States and Canada. Courtesy of solid prospects, this presently Zacks Rank #3 (Hold) stock is worth reta ...

Brett_Hondow In our last coverage of The Allstate Corporation (NYSE:ALL), we were unfazed by the losses the company was generating. We suggested that a more nuanced look at the valuation metrics put the stock in the attractive zone. Everyone saw the losses in Q2-2022 to Q4-2022, and yet, there was a miracle expected with over $9.00 in earnings per share. Wall Street always goes down the slope of hope and it takes time to price things out. That said, we think we can make a case here. That case is that AL ...

The Allstate Corporation (ALL) recently announced that the initial loss estimate from Hurricane Beryl was at $226 million. It was expected to witness a significant impact when the hurricane made landfall in Texas (Jul 8, 2024), where the company has major homeowners and automobile insurance operations.According to Verisk’s Extreme Event Solutions group estimates, U.S. onshore wind property losses from Beryl were within the $2-$3 billion range. Allstate also reported estimated catastrophe losses of $587 mill ...

Investors and analysts alike cheered a sizable asset sale announced by the company.Veteran insurance company Allstate (ALL 5.23%) hit a major stock-market milestone on Wednesday. The company shares surged by 5% to close at the highest level in their history. The soaring company also benefited from several positive analyst moves. Allstate's rise trounced that of the S&P 500 index, which rose by slightly under 0.4% on the day. A large asset saleInvestors were particularly excited by a major divestment announc ...

Key TakeawaysAllstate sold its Employer Voluntary Benefits business to StanCorp Financial Group for $2 billion.The insurance company said the decision was part of its effort to sell its three Allstate Health & Benefits units.The news sent Allstate shares up by 4% to an all-time high Wednesday, putting the company among the top four performers in the S&P 500 index. Allstate (ALL) shares reached an all-time high Wednesday after the insurance provider announced it sold its Employer Voluntary Benefits business ...

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