New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 20, 2014
09:02 EDTALLAllstate reports January pre-tax catastrophe loss estimate $277M
Allstate announced estimated catastrophe losses for the month of January of $277M, pre-tax, or $180M after-tax. Catastrophe losses occurring in January comprised six events at an estimated cost of $271M, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. One of the events met the definition of a winter freeze catastrophe in one region of the country but not in other regions due to the amount of claim counts. Non-catastrophe losses in these other regions were $39M pre-tax, which will be reflected primarily in the homeowners combined ratio and the homeowners underlying combined ratio that excludes catastrophe losses and prior year reserve reestimates.
News For ALL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 16, 2014
11:50 EDTALLAllstate September catastrophe losses higher than expected, says Wells Fargo
Wells Fargo attributes today's move lower in Allstate to its report of September catastrophe losses that came in higher than expected. The firm lowered its Q3 EPS estimate to $1.23 from $1.56 based on the losses, but maintains its Outperform rating on the stock, calling it one of the firm's top-picks among non-life insurers.
09:06 EDTALLAllstate reports Q3 catastrophe losses of $517M
Subscribe for More Information
09:04 EDTALLAllstate reports September catastrophe loss estimate $250M
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use