Report
Brett Horn
EUR 100.00 For Business Accounts Only

Allstate Continues to Benefit From Market Conditions in First Quarter

Allstate had a good first quarter. While catastrophe losses were a little high, underlying underwriting results remain good. However, we continue to believe that the company is operating in a bit of a sweet spot in terms of the pricing cycle, and that mean reversion is inevitable. We don’t believe the current market price fully factors this in. We will maintain our $85 fair value estimate and no-moat rating.
Allstate’s auto lines have been performing quite well recently, as a spate of strong pri...
Underlying
Allstate Corp.

Allstate is a holding company. Through its subsidiaries, the company is engaged in the property and casualty insurance business. The company's segments include: Allstate Protection, which provides private passenger auto, homeowners, other personal lines and commercial insurance; Service Businesses, which includes SquareTrade that provides consumer protection plans and related technical support; Allstate Life, which provides interest-sensitive and variable life insurance products, as well as distributes non-proprietary retirement products; and Allstate Benefits, which provides voluntary benefits products, including life, accident, critical illness, and other health insurance products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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