-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：ALL公佈的第一季營運每股收益為10.65美元，高於去年同期的3.53美元，超出我們先前6.85美元的預期以及7.24美元的普遍預期。強勁的業績主要得益於核保業務的改善。儘管第一季營收成長3%，低於我們先前4%-8%的預期，但財產險已賺保費增加了5.5%。綜合比率從97.4%降至82.0%，主要得益於巨災損失下降44%。剔除巨災損失後的基礎綜合比率從83.1%降至80.3%，驗證了先前費率上調的成功。 ALL近期以20億美元出售了雇主自願福利業務，這是其整體重組策略的一部分，此舉將釋放資金，用於重新部署到核心財產保險業務中。我們預計，儘管市場競爭預計將會加劇，尤其是在汽車保險領域，ALL仍將保持定價紀律。該公司強勁的承保業績表明，為應對不利的理賠趨勢而實施的積極提價措施取得了成功。我們期待管理層在4月30日的電話會議中闡述定價展望。
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