Allstate (ALL) concluded the recent trading session at $162.41, signifying a +1.18% move from its prior day's close.
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Allstate (ALL) closed the most recent trading day at $160.63, moving -0.6% from the previous trading session.
Allstate is currently implementing a cost reduction restructuring process that has reduced their liability expense ratio for the past three years and is projected to continue doing so. The Insurance Industry as a whole is currently under pressure due to a hardening reinsurance market, giving an advantage to flexible, adaptive companies like Allstate. With the Property & Casualty Insurance market projected to grow steadily by at least 8% for at least the next decade, Allstate's steadily growing market share makes them safe.
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Allstate (ALL) remains well-poised for growth on the back of improved P&C insurance premiums earned, buyouts and divestitures, and solid cash reserves.