Allstate falls after disclosing catastrophe losses for May

Allstate

18/06/2025 14:23

** Property and casualty insurer Allstate's ALL.N shares down ~1.10% at $196 premarket

** ALL announces catastrophe losses of $777 mln, or $614 mln after tax, for May

** Company says catastrophe losses for May include 11 events, with approximately 70% of losses related to three geographically widespread wind and hail events

** ALL reports total policies in force of 37.9 mln for May

** 17 of 21 brokerages rate stock "buy" or higher, three "hold" and one "sell"; their median PT is $230 - data compiled by LSEG

** As of last close, stock up ~2.8% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))