Capital Position And Growth OutlookALL's growth opportunities could be hindered by their weaker capital position as their AIC RBC ratio sits at 195% and their premium / surplus is at 3.8x.
Financial PerformanceALL reported 1Q CATs of $731m pre-tax, which is above the estimated ~$625m, leading to a reduction in 1Q24 EPS estimates by ~8%.
Operational ChallengesPolicy count of Allstate brand auto policies continued to decline, with the company losing roughly 130k policies during the quarter.