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Allstate Corp ALL

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Allstate’s Performance Starts to Normalize in Second Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Allstate has enjoyed significant tailwinds over the past year, as the pandemic led to a reduction in miles driven and claims. However, we view mean reversion as an inevitability as the pandemic subsides, and the second quarter offered evidence that this is starting to occur. We will maintain our $79 fair value estimate and no-moat rating.

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Company Profile

Business Description

On the basis of premium sales, Allstate is one of the largest U.S. property-casualty insurers. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 10,000 company agencies.

Contact
2775 Sanders Road
Northbrook, IL, 60062
T +1 847 402-5000
Sector Financial Services
Industry Insurance - Property & Casualty
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Classic Growth
Employees 42,160

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