Is Allstate losing money?
Is Allstate losing money?
The deal will reduce GAAP reserves and invested assets by $5 billion and $6 billion respectively, said Allstate, resulting in the $4 billion loss, which will be recorded in the first quarter. Shares rose 1.2% premarket, and have gained 5.6% in the year to date, while the S&P 500 SPX, +2.57% has gained about 6%. Mar 29, 2021
