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The company is seeing growth through acquisitions and in its emerging businesses. This has resulted in the firm consistently writing higher premiums. Its agreement to sell Allstate Life Insurance company will help streamline its business. This will allow the company to focus on higher growth areas.
ALL has a debt-to-equity ratio of 0.3. A figure this low means the company’s shareholder equity can cover any business downturn. From a growth standpoint, ALL has grown earnings per share an average of 45.2% per year over the past five years. However, analysts expect earnings to fall 43.5% year over year in the third quarter.
