Allstate reported a strong second quarter, signaling that its business turnaround is complete. The company’s premium growth remains cautious due to conservative underwriting, but both its Auto and Homeowners insurance lines are highly profitable, maintaining combined ratios under 90%. While the stock valuation at about 6.1 times trailing earnings looks attractive, the current high return on equity of nearly 40% is not expected to be sustainable. The analyst maintains a Buy rating, noting that normalization of underwriting and potential catastrophe risks could impact results by 2027 despite share buybacks and increased investment income.
Following Allstate's strong second quarter and ongoing business turnaround, the stock trades at USD 254.81 on Pluang as of Nov 07, 2026 09:21 WIB, down 4.47% for the day. The company holds a market cap of $66.00 billion, with a dividend yield of 1.62%. Investors on Pluang show full buy interest with 100% order activity on the stock, reflecting confidence despite recent price volatility.
Allstate Corporation posted Q3 2026 net income of $2.1 billion, down from $3.7 billion the previous year, mainly due to increased catastrophe losses and investment losses. Despite this, Property-Liability policies grew 3.3%, driven by higher premiums...
New research by The Allstate Foundation of Canada shows that while 75% of Canadians have experienced or know someone who has experienced domestic abuse, only 9% recognize financial abuse as a form of it. However, 56% of abuse survivors identified fin...
