UBS has given a Buy rating to The Allstate Corporation, a major player in the insurance industry.
The company operates in three main business segments, with property insurance accounting for a significant 95.3% of its revenues. This segment covers automobiles, homes, accidents, property damage, and liability.
Allstate also offers life insurance, which contributes 4.5% to its revenue. This segment provides financial protection against risks associated with accidents, illness, and death for individuals and groups.
The remaining 0.2% of revenues come from other insurance-related services.