Allstate rises after disclosing April catastrophe losses

Allstate

15/05/2025 15:14

** Property and casualty insurer Allstate's ALL.N shares rise ~1.2% to $202.93

** ALL announces catastrophe losses for April to be $594 mln, or $469 mln after-tax

** Company says catastrophe losses for April include 11 events, with roughly 60% of the losses related to two geographically widespread wind and hail events

** ALL reports total policies in force (PIF) of 37.8 mln in April

** J.P. Morgan analysts say Allstate's April catastrophe losses were fairly benign in April

** Brokerage says co PIF trends improved from March 2025

** 17 of 21 brokerages rate stock "buy" or higher, 3 "hold" and one "sell"; their median PT is $230 - data compiled by LSEG

** Including session's moves, stock up ~5.2% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))