Allstate (NYSE:ALL), the giant insurer, has had a very mediocre 10 year-run as competition from upstarts like Progressive (NYSE:PGR) and Geico have brought intense competition into the already competitive insurance space. With a newly minted buyback program approved, does Allstate look like an attractive stock going forward?

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Allstate's past business performance and tell investors what they think of the stock going forward.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.