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$30.06 -0.84 (-2.72%)
1/9/2009 4:02 PM

The Allstate Corp (ALL)

CAPS Rating:
****

The Company is engaged, principally in the United States, in the property-liability insurance, life insurance, retirement and investment product business. Its primary business is the sale of private passenger auto and homeowner's insurance.

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Avatar ontheemmis (< 20) Submitted: 11/14/08 1:45 PM : Outperform Start Price: $26.17 ALL Score: 14.65

Current price is about 8-10 $ below Book Price. I was employed by them for 38 years and know the corporate culture.They are a very conservative group and will not give away the store with lower premiums and they have a great handle on cost and claims frequency.

The real unknown is asbestos litigation costs going forward.

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