Allstate rises after lower-than-expected February catastrophe losses

Allstate

20/03/2025 17:53

** Property and casualty insurer Allstate's ALL.N shares rise ~2.9% to $210.85

** ALL announces catastrophe losses for February to be $92 million, reports total policies in force (PIF) of 37.5 mln

** J.P. Morgan analysts say Allstate's February catastrophe losses were below expectations

** Brokerage says PIF trends also improved modestly from January

** 17 of 21 brokerages rate stock "buy" or higher, 3 "hold" and one "sell"; their median PT is $228 - LSEG data

** Including session's moves, stock up ~9.6% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))