
Allstate (ALL) Stock Forecast & Price Target
Allstate (ALL) Analyst Ratings
Bulls say
Allstate demonstrated a robust financial performance with net investment income soaring by 40.0%, reaching $4.8 million, which surpasses previous estimates and marks a significant increase from the prior year's $3.4 million. The company's gross written premiums also saw a substantial rise of 29.5%, amounting to $287.0 million, reflecting strong demand for its insurance products despite slightly missing initial estimates. Furthermore, the growth in personal auto policies-in-force (PIF) indicates positive momentum, with expectations that profitability in most states will accelerate future PIF growth, thereby enhancing earnings potential moving forward.
Bears say
The financial outlook for Allstate appears negative due to its year-to-date underwriting experience, reflected in a combined ratio of 89.4%, which is significantly above the long-term target of 95%. Additionally, the risks stemming from a concentrated geographic focus, along with potential macroeconomic challenges and heightened catastrophe loss risks, may hinder the company's future growth. Furthermore, any major downturn in capital markets could adversely affect Allstate's substantial investment portfolio, compounding the challenges faced by the insurer.
This aggregate rating is based on analysts' research of Allstate and is not a guaranteed prediction by Public.com or investment advice.
Allstate (ALL) Analyst Forecast & Price Prediction
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