Allstate Corp
ALL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$584.00 | Zgmy | Bpgjdszrd |
Allstate’s Fourth Quarter Is a Rough End to a Rough Year
Allstate previously announced preliminary fourth-quarter results, and we don’t see any major surprises in the full statements. Allstate continues to struggle with difficult market conditions in auto lines, and this headwind, plus a relatively high level of catastrophe losses, pushed the company to a $310 million loss for the quarter. We will maintain our $125 fair value estimate for the no-moat company.