- Allstate reported March catastrophe losses amounting to $1.04 billion.
- This figure shows a significant increase from the previous month’s losses of $92 million.
- In March, there were 11 catastrophic events, with around 80% of the losses coming from four major events involving wind and hail.
- The total catastrophe losses for the first quarter of the year reached $2.20 billion.
- The company expects to receive about $123 million in reinsurance recoveries after surpassing its annual retention level.
- Market reactions indicate a potential earnings per share (EPS) downside of over 40% due to March’s catastrophic events.
- Analyst ratings for Allstate include 18 buy recommendations, 2 holds, and 3 sell ratings.
Allstate Corp on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely following Allstate Corp to provide investors with valuable insights. In a recent report titled “Allstate Corporation: Strategic Navigation in Challenging Markets to Strengthen Its Position In Favorable Markets!”, Baptista Research highlighted Allstate’s strong financial performance in the fourth quarter of 2024. The company’s total revenues of $16.5 billion for the quarter showed an 11.3% increase year-over-year, contributing to a full-year revenue of $64.1 billion. This positive outlook indicates Allstate’s resilience in navigating challenging market conditions.
Furthermore, in another report named “The Allstate Corporation: An Insight Into Its Efforts Towards Agency Channel Optimization & Other Major Drivers”, Baptista Research pointed out Allstate’s effective execution of strategic initiatives and operational adjustments in the third quarter of 2024. With total revenues reaching $16.6 billion, a 14.7% increase from the previous year, Allstate demonstrated growth in key segments, particularly in the Property-Liability business. The report also noted an adjusted net income per share of $3.91 and a noteworthy return on equity of 26.1% over the past twelve months, reflecting Allstate’s strong performance and ongoing efforts to optimize its business.
A look at Allstate Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Allstate Corp shows a balanced outlook for the long term. With consistent scores across Value, Dividend, Growth, and Resilience at 3, the company displays stability and moderate performance in these areas. Momentum, scoring higher at 4, suggests a positive uptrend in the company’s stock performance. Overall, Allstate Corp seems to be positioned steadily for future growth and resilience.
The Allstate Corporation operates in the property-liability insurance sector in the US and Canada. With a focus on private passenger automobile and homeowners insurance, the company also offers life insurance, annuity, and group pension products through various channels. Smartkarma Smart Scores indicate a promising long-term outlook for Allstate Corp, highlighting a balanced approach towards value, dividend, growth, resilience, and positive momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
