🔴 ALL is trading 4.3% down today after reporting $870M in April catastrophe losses

ALL is trading 4.3% down today at $212.48 following its monthly operational release disclosing $870 million in pre-tax estimated catastrophe losses for April 2026.

• The pre-tax catastrophe losses of $870 million ($687 million after-tax) resulted from 10 wind and hail events, with about 70% of the losses concentrated in two specific weather events.
• The company reported 38.67 million total policies in force, representing a 2.3% year-over-year increase, but announced that monthly reports on policies in force will discontinue after next month.
• Investors are reacting negatively to the significant weather impact, which is expected to pressure Allstate's near-term underwriting profitability.