Jul. 8 at 11:02 AM
$ALL
Allstate is like that reliable friend who's not the most exciting person at the party but will definitely help you move and never flake on plans. The business model is proven, the brand is strong, and they're adapting to modern challenges reasonably well.
The 2024 turnaround shows management can navigate difficult periods and return to profitability. The Protection Services growth story provides upside potential, while the core insurance business offers stability and cash generation.
However, this isn't a high-growth tech stock. It's a mature insurance company in a competitive industry facing long-term structural challenges. The investment case depends on believing that brand strength, operational excellence, and smart capital allocation can overcome these headwinds.
https://stratafinance.beehiiv.com/p/allstate
