Allstate Corporation announced estimated catastrophe losses of $925 million for March 2026, primarily from 15 wind and hail events, with about 80% of losses stemming from three major events. After-tax losses for March were $731 million, contributing to total first-quarter catastrophe losses of $1.24 billion ($980 million after-tax). The company also reported slight growth in policies in force across auto, homeowners, and other personal lines compared to previous periods. This financial impact highlights the ongoing risk exposure Allstate faces from severe weather events, which will be important for investors monitoring the company's risk management and profitability.
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...
