Allstate stock price drops 7% after preliminary Q4 earnings disclosure
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Allstate stock price drops 7% after preliminary Q4 earnings disclosure

Kyoung-son Song
January 19, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Allstate logo chicago stock numbers.jpg

Allstate shares plunged more than 7% on Thursday afternoon compared to yesterday’s close, after the carrier estimated a 10-point increase in its Q4 2022 combined ratio to 109.1%.

The personal lines carrier’s stock was trading hands at $123.55 per share around 13:00 ET, which marked a 7.6%

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsStocksPersonal linesAllstate
headshot template (23).png
Kyoung-son Song
Senior Reporter
Contact
Gift this article