Allstate Lags Before Earnings Report

Though it technically didn't lose at all last week, Allstate's (NYSE: ALL  ) 0.16% gain last week put it in the laggard's spot versus competitors. Set to release its first-quarter earnings after the bell on Wednesday, three pieces of news from Allstate may have caused the lower gains:

  • Higher than expected catastrophic event payouts for the first quarter.
  • New bond purchases.
  • Potential sale of its Lincoln Benefit Life Co. subsidiary.

In the video below, Motley Fool contributor Jessica Alling discusses the three developments and what they means for insurance investors. 

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9/27/2016 10:19 AM
ALL $68.59 Up +0.20 +0.29%
Allstate CAPS Rating: ****