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Allstate Corp ALL

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Allstate Endures Rough Ride in Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Allstate had a difficult third quarter, with profitability hit by catastrophe losses and negative claims trends across its business lines. However, we have expected profitability to come down some as the company worked past the positive impacts of the COVID-19 pandemic, and nothing in the quarter materially affects our long-term view. We will maintain our $114 fair value estimate for the no-moat firm.

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Company Profile

Business Description

On the basis of premium sales, Allstate is one of the largest U.S. property-casualty insurers. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 10,000 company agencies.

Contact
2775 Sanders Road
Northbrook, IL, 60062
T +1 847 402-5000
Sector Financial Services
Industry Insurance - Property & Casualty
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Classic Growth
Employees 42,160

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