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Allstate rises after lower-than-expected February catastrophe losses

ReutersMar 20, 2025 5:53 PM
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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

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