Allstate reported a 43.7% drop in first-quarter catastrophe losses year-over-year, with Q2 losses also down 14% compared to 2025. Despite improved underwriting results, UBS downgraded Allstate from Buy to Neutral, citing concerns that favorable loss ratios may normalize and pressure future earnings. The insurer still faces unpredictable catastrophe risks, especially with the ongoing hurricane season, which could impact its full-year performance.
The Allstate Corporation announced estimated catastrophe losses of $563 million for June and $1.72 billion for the second quarter of 2026. These losses, which translate to $445 million and $1.36 billion after tax respectively, reflect the financial i...
UBS downgraded Allstate from Buy to Neutral due to concerns about future profit margins, even as it raised the price target to $261. The insurance company has shown strong recent stock momentum, up 12.46% in the past month, helped by lower catastroph...
Allstate Corporation announced the appointment of Christian (Chris) Lown as its new Executive Vice President and Chief Financial Officer, effective August 3, 2026. Lown brings over 25 years of finance and capital markets experience from roles at CoSt...
