-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师总结如下：ALL公布的第一季度运营每股收益为10.65美元，高于去年同期的3.53美元，超出我们此前6.85美元的预期以及7.24美元的普遍预期。强劲的业绩主要得益于承保业务的改善。尽管第一季度营收增长3%，低于我们此前4%-8%的预期，但财产险已赚保费增长了5.5%。综合比率从97.4%降至82.0%，主要得益于巨灾损失降低了44%。剔除巨灾损失后的基础综合比率从83.1%降至80.3%，验证了此前费率上调的成功。ALL近期以20亿美元出售了雇主自愿福利业务，这是其整体重组战略的一部分，此举将释放资金，用于重新部署到核心财产险业务中。我们预计，尽管市场竞争预计将会加剧，尤其是在汽车保险领域，ALL仍将保持定价纪律。公司强劲的承保业绩表明，为应对不利的理赔趋势而实施的积极提价措施取得了成功。我们期待管理层在4月30日的电话会议上阐述定价展望。
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