Any idea what is this going to be ???
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Opportunity to showcase an area where they've done ok in a down market for equity and fixed income investments. Should take a Special Topic opportunity to discuss why they marketed heavily to draw business from key competitors while combined ratio was in 108 range. Others used data and common sense to increase rates while Tom and Glenn were greedy to show growth only to take on risks others would not. Glenn brags about 1 of 3 new applications being Direct indicating Transformation success. Yet Allstate branded business barely grew, meaning much less agency generated business. It'll lower the expense ratio, but will look more like single car, high risk policies. Short sighted fools.
Don’t worry it doesn’t impact or involve whinny claim reps
How bad they are at investing that they need to squeeze more transform out of policyholders
Buy back stock isn’t that illegal ?
Stock buyback announcement?
(Just a guess)