Allstate Corp

ALL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$776.00	Hjs	Xtmpssgzs

Allstate Reports Tough Third Quarter

Brett Horn

Nov 3, 2022

Allstate had already announced preliminary results for the third quarter last month, but the full release provided some additional detail. The insurer continues to struggle with a very difficult personal auto environment, which pushed the company to a loss of almost $700 million. However, nothing in the full numbers materially alters our view, and we will maintain our $125 per share fair value estimate and no moat rating.

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