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    Mike Zaremski • BMO Capital Markets

    Mike Zaremski's questions to Allstate Corp (ALL) leadership

    Mike Zaremski's questions to Allstate Corp (ALL) leadership • Q1 2025

    Question

    Mike Zaremski asked why Allstate doesn't trade off some of its high expected ROE for more sustainable organic growth by writing business at a slightly worse combined ratio, given that growth is a key focus.

    Answer

    Thomas Wilson (executive) responded directly, stating, 'we think can do both.' He explained that Allstate has historically operated with a superior combined ratio while remaining competitive and pointed to a competitor that successfully achieves both strong growth and profitability. Wilson believes executing on growth is the primary way to unlock a higher valuation multiple for the company.

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    Mike Zaremski's questions to Chubb Ltd (CB) leadership

    Mike Zaremski's questions to Chubb Ltd (CB) leadership • Q3 2024

    Question

    Mike Zaremski of BMO Capital Markets questioned why casualty pricing was accelerating to 12% if loss costs are well below that level and attempted to ask about future guidance for the Life Insurance business.

    Answer

    Chairman and CEO Evan G. Greenberg explained that the 12% pricing increase is a blended result across a diverse portfolio; while most of the book is adequately priced, certain areas require accelerated rates to achieve adequacy. He cut off the second question, reiterating that his comment on the 2024 life income target was a one-time clarification and not a precedent for future guidance.

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