Allstate Corp

ALL: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$277.00QmyKxhtdkzt

Allstate Endures Difficult Q2 2022

Allstate announced some second-quarter metrics that suggested an ugly quarter for the firm, and that was indeed the case. The company posted a $1 billion loss for the quarter, due to weak underwriting results and investment losses. Allstate is facing significant headwinds in its personal auto business due to a rise in claims costs, and it will likely take some time for the firm to reverse this trend. Still, we will maintain our $125 per share fair value estimate for the no-moat company.

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