Allstate Corp
ALL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|!C | LOCK|?F< | LOCK|kQZ@Qvj |
Allstate Earnings: Dual Tailwinds Drive Strong Performance
Conditions in the property-casualty insurance industry are close to ideal at the moment, as price increases are boosting the underwriting side and higher interest rates are lifting investment results. Much of our domestic P&C coverage is generating outsize returns, and Allstate is no exception. Its return on equity for the full year was 26%, well above our long-term expectations for the no-moat company.
