Allstate shares sent down 8% after Q3 net income drops 76%

Allstate

Allstate’s shares were down 8 percent in morning trading on Thursday after it reported Q3 results that included an almost 76 percent drop in adjusted net income to $217mn and a property-liability combined ratio that spiked 13.7 points to 105.3 percent, largely on pre-announced catastrophe losses and higher non-catastrophe auto ...

Want to read this article?

Subscribe for FULL access to this article - and ALL our premium content

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey
Commercial director
Email: spencer.halladey@wbmediagroup.com
Tel: +44 (0) 203 934 6687

Andy Stone
Sales manager
Email: andy.stone@wbmediagroup.com
Tel: +44 (0) 203 934 6684

Subscribers get access to:

  • Full web access to all content
  • Regular breaking news/analysis by email on all critical issues
  • Two daily round-ups of the day’s news
  • Opinion from market thought-leaders and exclusive data on the industry
  • Control over the content you receive - and WHEN you receive it
  • Access to The Insurer App
  • Discounted subscriber prices for all our events
  • Dedicated account manager to ensure you receive the best value for money 

If you are a subscriber you can SIGN IN now for FULL access