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    Christian Gitzo

    Vice President and Analyst at Wells Fargo & Company

    Christian Gitzo is a Vice President and Analyst at Wells Fargo & Company, specializing in financial services and banking sector research with a focus on regional banks and diversified financial institutions. He actively covers companies such as Bank of America, JPMorgan Chase, Citigroup, and Fifth Third Bank, delivering insightful analysis that has supported solid investor returns and maintained a TipRanks success rate in excess of 65%. Gitzo began his career in the mid-2010s, previously holding analytical roles at HSBC before joining Wells Fargo in 2021, and his professional credentials include FINRA Series 7 and 63 licenses. He is recognized for his ability to anticipate market trends and was highlighted in industry publications for his work on regulatory risk assessment within the banking sector.

    Christian Gitzo's questions to ALLSTATE (ALL) leadership

    Christian Gitzo's questions to ALLSTATE (ALL) leadership • Q3 2024

    Question

    Christian Gitzo asked if auto policies grew quarter-over-quarter in the 75-80% of states open for new business. He also sought to clarify if the sequential decline in auto retention was primarily driven by rate hikes in California, New York, and New Jersey.

    Answer

    Executive Mario Rizzo declined to provide state-specific policy growth figures but noted that both new business gains and retention declines were broad-based. Regarding the sequential retention drop, Rizzo explained that about 40% was attributable to rate hikes in those key states, while the other 60% was due to a strategic migration of legacy Esurance policies to the National General brand, which distorts the Allstate brand metric but keeps the customer with the company.

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