Rob Haines
Rob Haines
active buying shares
Allstate has indicated it will be very active in buying back its shares this year.
casualty earnings missed operating property side target worse
It was a mildly disappointing quarter. Operating earnings missed the analysts' target and the property and casualty side was worse than I thought.
blew street strong
It was a very strong quarter. They blew away the (Wall) Street estimates.
cheap expect franchise good growth headache stock
I don't expect the Wachovia (joint venture) to be a big headache going forward. It's not a cheap stock but it's still a good franchise with good growth prospects.
banks clear companies financial insurance likely model people rewarded spinning talk
A lot of people used to talk about the financial supermarket but it's clear that companies aren't getting rewarded for that model anymore. For the foreseeable future, it's likely banks will be spinning off (or selling) their insurance operations.
earnings line negative
Earnings were essentially in line to mildly negative because of the adjustments.
answer call conference pricing question retain risk tomorrow
The big question Allstate will need to answer in its conference call tomorrow is how much of the risk they'll retain and what will be the pricing trends,
quarter
It's disappointing that they are restating earnings. We don't want another quarter of surprises.
cloud company largest
This settlement removes the largest cloud overhanging the company.