Allstate Corp

ALL: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$882.00KqlhCxlhgrjbn

Allstate Earnings: Headwinds Ease

Allstate still faces some significant issues, but overall headwinds appeared to ease in the third quarter. The company recorded a modest $41 million loss in the quarter, largely due to elevated catastrophe losses of $1.2 billion. We will maintain our $122 fair value estimate for the no-moat company and see shares as roughly fairly valued.

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