BUZZ-Allstate rises after disclosing April catastrophe losses

Reuters
15 May
BUZZ-Allstate rises after disclosing April catastrophe losses

** Property and casualty insurer Allstate's ALL.N shares rise ~1.2% to $202.93

** ALL announces catastrophe losses for April to be $594 mln, or $469 mln after-tax

** Company says catastrophe losses for April include 11 events, with roughly 60% of the losses related to two geographically widespread wind and hail events

** ALL reports total policies in force (PIF) of 37.8 mln in April

** J.P. Morgan analysts say Allstate's April catastrophe losses were fairly benign in April

** Brokerage says co PIF trends improved from March 2025

** 17 of 21 brokerages rate stock "buy" or higher, 3 "hold" and one "sell"; their median PT is $230 - data compiled by LSEG

** Including session's moves, stock up ~5.2% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10