NEW YORK, NY / ACCESSWIRE / October 24, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Allstate Corporation ("Allstate" or "the Company") (NYSE:ALL).Investors who purchased Allstate securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/all.
The investigation concerns whether Allstate violated federal securities laws.
On October 19, 2022, Allstate announced its financial results for the third quarter of 2022. Among other items, Allstate announced that it expected an adjusted net loss of $400 million to $450 million, impacted by an $875 million charge for unfavorable prior-year reserve re-estimates, excluding catastrophes. In addition, the Company estimated catastrophe losses at $763 million, pretax, for the quarter. On this news, Allstate's stock price fell $17.44 per share, or 12.9%, to close at $117.71 per share on October 20, 2022.
If you are aware of any facts relating to this investigation or purchased Allstate shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/all. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC