Core Insights - The article highlights the increased risk of car collisions in Canada during winter months, particularly December, January, and November, with Fridays in December being the most problematic days for accidents [1][4]. Collision Data - Allstate Insurance Company of Canada reports that December is the month with the highest collision claims, followed by January and November [4]. - Fridays and Thursdays are identified as the days with the highest number of collision claims [4]. - 50% of all collision incidents occur in the afternoon, specifically between noon and 6 PM [4]. - The most common types of collision claims are rear-end crashes, hitting parked cars, and changing lanes [4]. Contributing Factors - The increase in collisions may be attributed to various factors, including year-end work stress, holiday preparations, reduced daylight, and adverse weather conditions [2][3]. - Drivers may become less adept at handling winter driving conditions due to infrequent practice, which can lead to increased collision risks [3]. Recommendations for Drivers - Allstate recommends that drivers install winter tires before temperatures drop below 7 degrees Celsius, as all-season tires may lose effectiveness in colder weather [3][5]. - Drivers are advised to slow down, maintain a safe distance from other vehicles, signal intentions early, and practice defensive driving [5]. - It is also suggested that drivers review their car insurance policies and roadside assistance coverage [5]. Company Overview - Allstate Insurance Company of Canada has been serving Canadians since 1953, focusing on providing prevention and protection products and services [7].

Core Viewpoint - Allstate Corporation is expected to report third-quarter 2024 results on October 30, 2024, with earnings estimated at $2.20 per share and revenues of $16.24 billion, reflecting significant year-over-year growth in earnings and revenues [1][2]. Financial Performance - The earnings estimate for the third quarter has seen downward revisions, but it still indicates a year-over-year surge of 171.6%, while revenues are projected to grow by 11.4% year-over-year [2]. - Allstate has a strong history of exceeding earnings estimates, achieving an average surprise of 142.7% over the last four quarters [3]. Earnings Prediction - The current model does not predict an earnings beat for Allstate, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [4]. - The company’s revenues are expected to benefit from improved net premiums earned, with estimates indicating a year-over-year growth of 12.4% [6]. Investment Income and Underwriting - Net investment income is projected to grow by 6.4% year-over-year, while adjusted net income from the Protection Services business is expected to increase by 90% compared to the previous year [7]. - Underwriting income for the Homeowners brand is estimated at $135.6 million, a significant recovery from a loss of $131 million a year ago, and the Auto brand's underwriting income is projected at $297.2 million, up from a loss of $178 million [8]. Cost and Expense Outlook - Total costs and expenses are expected to rise by more than 3% year-over-year due to higher operating costs, which may complicate the potential for an earnings beat [11]. Stock Performance and Valuation - Allstate's stock has increased by 34.4% year-to-date, outperforming the industry growth of 27.1% [12]. - Despite recent price appreciation, Allstate's valuation remains attractive, trading at 10.83X forward 12-month earnings, below its five-year median of 11.05X and the industry average of 28.27X [15]. Growth Prospects - Allstate is projected to achieve steady revenue growth through a diversified product portfolio, strategic acquisitions, and disciplined pricing [17]. - The company is focusing on expanding its Protection Services business, which is expected to drive revenue growth [17]. Challenges - High debt levels and rising repair costs due to inflation and supply chain issues could compress margins [18]. - Increasing competition in the insurance sector and a rise in natural disasters may further pressure profitability [18].

The upcoming report from Allstate (ALL) is expected to reveal quarterly earnings of $2.20 per share, indicating an increase of 171.6% compared to the year-ago period. Analysts forecast revenues of $16.24 billion, representing an increase of 11.4% year over year.The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to ...

The latest trading session saw Allstate (ALL) ending at $192.64, denoting a -1.4% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.18%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq gained 0.27%. Prior to today's trading, shares of the insurer had gained 2.29% over the past month. This has outpaced the Finance sector's loss of 3.02% and lagged the S&P 500's gain of 4.46% in that time. Investors will be eagerly watching for the performanc ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Allstate (ALL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Allstate currently has an average brokerage recommendation (ABR) ...

Have you been paying attention to shares of Allstate (ALL) ? Shares have been on the move with the stock up 1.5% over the past month. The stock hit a new 52-week high of $195.87 in the previous session. Allstate has gained 37.9% since the start of the year compared to the 20.1% move for the Zacks Finance sector and the 28.8% return for the Zacks Insurance - Property and Casualty industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ea ...

Core Viewpoint - Allstate Corporation's acquisition of Kingfisher enhances its position in the mobile industry by leveraging Kingfisher's expertise in optimizing the lifecycle of smart devices, aligning with Allstate's mission to provide innovative protection plans [1][2] Group 1: Acquisition Details - The acquisition of Kingfisher, a company founded in 2016, is expected to improve Allstate's ability to serve mobile carriers, manufacturers, and retailers globally [1] - Kingfisher specializes in repair, trade-in, and upgrade solutions, which supports Allstate's focus on sustainable device ownership and protection [1] - This strategic move is anticipated to facilitate the circulation of new and second-life devices, addressing the mobile industry's increasing emphasis on environmental responsibility [1] Group 2: Market Impact - Allstate has established major partnerships with global carriers such as Telenor, Softbank, Three, and T-Mobile, which will be further strengthened by the enhanced offerings from Kingfisher [2] - The acquisition is expected to lead to improved results in the Protection Services segment, which saw a revenue increase of 12.7% year over year in Q2 2024 [2] - With Allstate's global resources, Kingfisher's solutions are projected to reach billions of users, providing both environmental and economic benefits [2] Group 3: Stock Performance - Allstate shares have increased by 16% over the past six months, outperforming the industry average rise of 14.9% [3]

Allstate (ALL) closed at $190.53 in the latest trading session, marking a +1.2% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.77%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.Prior to today's trading, shares of the insurer had lost 0.01% over the past month. This has was narrower than the Finance sector's loss of 2.93% and lagged the S&P 500's gain of 4.87% in that time.The investment community will be paying close attent ...

In the latest market close, Allstate (ALL) reached $182.87, with a +0.89% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.The insurer's stock has dropped by 3.18% in the past month, exceeding the Finance sector's loss of 4.16% and lagging the S&P 500's gain of 5.41%.The investment community will be paying close attention to the earnings performance of Allstate in its upcoming re ...

Allstate (NYSE: ALL ) is on a tear this year, but the stock is still surprisingly cheap. Insurance rates for property and casualty insurance are skyrocketing, while cost inflation has slowed. As one of America's largest property & casualty companies, AllstateAuthor and entrepreneur. My articles typically cover macroeconomic trends, portfolio strategy, value investing, and behavioral finance. I like to profit from the biases and constraints of other investors.You can read some more of my work for free here.A ...