
Allstate (ALL) Stock Forecast & Price Target
Allstate (ALL) Analyst Ratings
Bulls say
Allstate's recent financial performance indicates a strong positive outlook, highlighted by a significant 40.0% increase in net investment income, reaching $4.8 million, exceeding prior estimates and reflecting robust growth from the previous year. Additionally, gross written premiums rose by 29.5% to $287.0 million, demonstrating effective market penetration and demand for the company's insurance products. The company's personal auto policies-in-force (PIF) grew by 1.3%, with expectations for accelerated growth driven by improved profitability in most states, suggesting future earnings potential.
Bears say
Allstate has reported a year-to-date underwriting experience with a combined ratio of 89.4%, significantly below its long-term target of 95%, indicating challenges in maintaining profitability. The company's exposure to macroeconomic risks and a sizable investment portfolio heightens concerns, especially in the event of a major capital market downturn. Additionally, persistent high levels of unmodeled catastrophes and execution risks related to its Transformative Growth Strategy may further threaten Allstate's financial stability and attractiveness in a competitive landscape.
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
Start investing in Allstate (ALL)
Order type
Buy in
Order amount
Est. shares
0 shares