No impact to stocks on opening...appears Wall Street likes that they woukd have been profitable minus the unpredictable cat losses
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2022 $2 billion in losses ($310 million in Q4 alone)
Q12023 loss $340 M
Q22023 1.3 BILLION
https://www.barchart.com/story/news/13816372/allstate-reports-fourth-quarter-and-full-year-2022-results
Two?!?!
Isn't it more like 4 quarterly losses in a row.
It will if this keeps up. Two disastrous quarters in a row. The mismanagement and ineptness of this company's leadership will show up in the markets soon enough. With this failed direction and Transformative Growth sham there is no way that we are going to just magically stop the bleeding.
Fake news. All stock is down almost $6.00 a share this morning. Lmao. Someone please flush the toilet and end this sh-t show…..