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The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Run-off Property-Liability; Protection Services; Allstate Health and Benefits; and Corporate and Other. The company offers private passenger auto, homeowners, personal lines, and commercial insurance products through agents, contact centers, and online; and property and casualty insurance products. It also provides consumer product protection plans, device and mobile data collection services, and analytic solutions using automotive telematics information, roadside assistance, and protection plans; and insurance products, such as identity protection and restoration through Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity, and Allstate Identity Protection brands. In addition, the company offers life, accident, critical illness, hospital indemnity, short-term disability, and other health insurance products; self-funded stop-loss and fully insured group health products to employers; medicare supplement, ancillary products, and short-term medical insurance to individuals through independent agents, owned agencies, benefits brokers, and Allstate exclusive agents. Further, it offers automotive protection; vehicle service contracts, guaranteed asset protection, road hazard tires and wheels, and paintless dent repair protection; and roadside assistance, mobility data collection services, and analytic solutions using automotive telematics information, identity theft protection, and remediation services. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.
Analyst Outlook | Average price target of $183, with analysts maintaining caution due to valuation concerns and potential headwinds in the personal auto insurance sector. |
Market Position Flux | Delve into Allstate's mixed Policy in Force metrics, revealing growth in some segments but an overall downward trend, signaling potential challenges in maintaining market share. |
Catastrophe Conundrum | Explore Allstate's struggle with natural disasters, including $1.08 billion pre-tax losses from California wildfires, highlighting the ongoing risk exposure in climate-related events. |
Insurance Titan's Crossroads | Allstate faces challenges in catastrophic losses and market dynamics, despite strong financial performance and impressive revenue growth of 12.3% in the last year. |
Metrics to compare | ALL | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipALLPeersSector | |
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P/E Ratio | 11.2x | 77.6x | 8.6x | |
PEG Ratio | 0.01 | 0.66 | 0.03 | |
Price / Book | 2.6x | 11.1x | 1.0x | |
Price / LTM Sales | 0.8x | 1.9x | 2.6x | |
Upside (Analyst Target) | 17.2% | −29.6% | 17.5% | |
Fair Value Upside | Unlock | −28.5% | 3.9% | Unlock |