Allstate Estimates March Catastrophe Losses at $925M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy ALL?
Allstate announced estimated catastrophe losses for the month of March of $925M or $731M, after-tax, from 15 wind and hail events with approximately 80% of the losses related to three events. Total catastrophe losses for the first quarter were $1.24B or $980M, after-tax.
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Analyst Views on ALL
Wall Street analysts forecast ALL stock price to rise
16 Analyst Rating
9 Buy
6 Hold
1 Sell
Moderate Buy
Current: 216.160
Low
207.00
Averages
239.64
High
281.00
Current: 216.160
Low
207.00
Averages
239.64
High
281.00
About ALL
The Allstate Corporation protects people from life’s uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft. The Company’s products are available through Allstate agents, independent agents, major retailers, online and at the workplace. Its Allstate Protection segment offers private passenger auto, homeowners, other personal lines and commercial insurance. Its Run-off Property-Liability segment includes property and casualty insurance coverage. The Company’s Protection Services segment provides consumer product protection plans, device and mobile data collection services and analytic solutions using automotive telematics information, roadside assistance, protection and insurance products and identity protection and restoration through Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity and Allstate Identity Protection.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Ongoing Concerns: Despite the positive market response, investors remain wary of underlying issues in the private credit sector.
See More
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See More
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See More
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- Integrated Maintenance Services: In addition to gas price comparisons, the Allstate app enables users to schedule routine maintenance services like oil changes and tire services directly, helping customers avoid overpaying or delaying maintenance, thereby reducing potential high repair costs in the future.
- Insurance Premium Reductions: In 2025, Allstate proactively lowered insurance premiums for 7.8 million customers by an average of 17%, alleviating household financial burdens and further enhancing customer loyalty and market competitiveness.
- Safe Driving Program: Through the Drivewise safe driving program, customers receive personalized feedback that helps reduce risk and lower premiums, with users of the program being 25% less likely to experience severe collisions compared to non-users, which not only increases customer safety but also reduces the company's claims costs.
See More
