Earnings EstimatesEPS forecasts were lowered due to higher-than-expected catastrophe losses, impacting earnings estimates.
Financial PerformanceAllstate Corp reported net losses of $889 million, which were above historical averages.
LitigationThe United States Department of Justice filed a civil suit against Allstate's National General subsidiaries, alleging improper/unnecessary force-placed auto policies, leading to a stock fall of approximately 5%.