When trouble hits, the first instinct is to run but if you insist on holding your ground, you might want to consider pivoting your funds toward safe dividend stocks to buy. With the broader economic framework incentivizing stability over growth potential, investors are better served focusing on profitable companies that are able to reward their shareholders with consistent passive income. To be sure, the prior paradigm of low interest rates bolstered growth-oriented names because the risk-reward
Though continued incidence of catastrophe losses can hurt Allstate's (ALL) underwriting results, it remains well-poised to counter them with frequent rate hikes.
NORTHBROOK, Ill., June 16, 2022--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May of $436 million or $344 million, after-tax. May catastrophe losses included 14 events, primarily wind and hail in Texas, the Midwest and Canada, estimated at $423 million, plus unfavorable reserve reestimates for prior period events. Catastrophe losses for April and May totaled $752 million, pre-tax.