The Latest Breaking News from AllState

The damage is expected to far exceed the $16 billion in economic losses from Maui's wildfires two years ago. Weather now accounts for almost all of the $320 billion in annual natural catastrophe damages worldwide.

Allstate says AI is doing a lot of work for the insurer's employees, but decisions are still made by humans. But that relationship may flip as technologies advance.

Allstate has continued to outperform the financial services sector over the past several years, including 2024, and analysts remain bullish on the stock’s prospects.

Providing a diverse range of perspectives from bullish to bearish, 19 analysts have published ratings on Allstate (NYSE:ALL) in the last three months.

Although Allstate has outperformed relative to the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook about the stock’s prospects.

With rapid economic growth, evolving consumer demand, and support from government initiatives, the insurance sector is flourishing. Therefore, it could be wise to invest in quality insurance stocks, Travelers Companies (TRV), Progressive (PGR), and Allstate (ALL), outperforming the market in 2024. Read more.

GARP stocks Aptiv, Allstate, and Barrick blend growth potential and value and offer investors strong earnings outlooks and attractive PEG ratios.

Allstate is all set to release its fiscal third-quarter earnings this month, and analysts project a triple-digit profit growth.

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