EarningsAllstate's net catastrophe losses across April-July were approximately $2.7 billion, significantly impacting earnings estimates.
Financial PerformanceAnalyst's recommendation lowers the price target to $175 from $177 due to adverse impacts on return on equity and elevated catastrophe losses.
Legal IssuesThe United States Department of Justice filed a civil suit against Allstate's National General subsidiaries, alleging improper force-placed auto policies, causing a stock decline of about 5%.