Is Allstate Making Money?
Allstate faces an uncertain future because of a changing media and insurance landscape. A major challenge for the company in the years ahead will be maintaining brand recognition in a changing media environment.
Read moreAllstate faces an uncertain future because of a changing media and insurance landscape. A major challenge for the company in the years ahead will be maintaining brand recognition in a changing media environment.
Read morePayPal sees a bright future for P2P and is betting big on the technology. The company acquired the Canadian cloud-based payment processor TIO Networks for $233 million in February, a press release indicates.
Read moreValue investors will be happy to know that Allstate is still making money despite the decrease in customer retention. Revenues and income are growing at the company.
Read moreAll this seems to point to a deeply-flawed business model. Auto insurers are generating more revenue but making less mo
Read moreMercury General is one of those rare companies that you should buy just for the dividend yield. It has delivered a dividend yield of over 4.5% for the last five years according to ycharts.
Read moreIt might not be long before we see major revenue and share-price drops throughout the auto insurance sector. Expect Allstate and Progressive’s share prices to take a major nosedive in the near future if these trends continue.
Read moreNothing to disparage Allstate here—it is still a good company—but the cash figures that Alphabet (NASDAQ: GOOGL) reported indicate it might be time to rethink some of our value investing theories. Tech companies, including Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Facebook (NASDAQ: FB), now seem to be outperforming insurers like Allstate when it comes to some of the classic value criteria.
Read more