
Allstate (ALL) Stock Forecast & Price Target
Allstate (ALL) Analyst Ratings
Bulls say
Allstate demonstrated a robust performance with a notable 40.0% increase in net investment income, reaching $4.8 million, which surpassed both internal estimates and prior-year figures. Gross written premiums also showed substantial growth, rising 29.5% to $287.0 million compared to the previous year's $221.6 million. This upward trend in personal auto policies-in-force, which grew by 1.3%, indicates potential for accelerated growth in PIF moving forward, contributing positively to future earnings.
Bears say
Allstate's underwriting experience is currently exhibiting a combined ratio of 89.4%, which falls significantly below its long-term target of 95%, raising concerns about operational efficiency and profitability. The company faces considerable risks related to its substantial investment portfolio, which could suffer greatly from a downturn in capital markets, as well as challenges linked to non-modeled catastrophes and competition within a limited geographical area. Additionally, Allstate's struggles with executing its Transformative Growth Strategy and the lingering impacts of high severity rates in auto bodily injury further contribute to an unfavorable outlook for its stock.
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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