Investment Thesis
Allstate delivers personal P&C insurance through Allstate, Esurance, and National General brands. Telematics, rate increases, and cost actions aim to restore double-digit ROE after industry-wide loss inflation.
- Telematics Adoption: Drivewise and Milewise enable personalized pricing and underwriting.
- Distribution Scale: Captive agents plus direct channels reach broad customer segments.
- Capital Strength: Portfolio repositioning and reinsurance protect against catastrophe volatility.