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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