Allstate, Chubb, Progressive Face Significant Losses From Wildfires, Weather Events Say Analysts Ahead Of Q4 Reports

Group 1: Allstate - BofA expects Allstate Corp. to report $764 million in catastrophe losses for Q4, equating to a catastrophe load of 5.5% [2] - For Q1, BofA projects catastrophe losses of $1.46 billion, including $700 million from California wildfires, with expectations of higher losses from the Eaton fire compared to the Palisades fire [3] - Allstate is set to report Q4 financial results on Feb. 5, with expected earnings of $5.95 per share and revenue of $14.7 billion [4] Group 2: Chubb - BofA anticipates Chubb Ltd. to report $851 million in catastrophe losses for Q1, representing an 8.1% loss ratio impact [5] - The firm models $1.9 billion in catastrophe losses for Chubb in Q1, with $1.3 billion attributed to California wildfires [6] - Chubb is scheduled to report Q4 financial results on Jan. 28, with expected earnings of $5.46 per share and revenue of $12.277 billion [7] Group 3: Progressive - Analysts expect Progressive to report $104 million in catastrophe losses for December, totaling $340 million for Q4 [7] - BofA models Q1 catastrophe losses of $584 million for Progressive, including $90 million from California wildfires, with two-thirds of losses from the auto segment [8] - Progressive is set to report Q4 results on Jan. 29, with expected earnings of $3.52 per share and revenue of $18.357 billion [8]