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Paul Newsom

Managing Director and Senior Research Analyst at Piper Sandler

Paul Newsome is a Managing Director and Senior Research Analyst at Piper Sandler, specializing in the insurance sector with coverage of companies such as Allstate, American International Group, Chubb, Travelers, Marsh & McLennan, and Willis Towers Watson. He has issued over 50 stock ratings in the past decade, with a success rate near 69% and an average return of approximately 14%, including a notably strong call on Palomar Holdings generating a return over 190%. Newsome began his analyst career more than 20 years ago, with prior senior roles at Sandler O’Neill + Partners, A.G. Edwards, and Lehman Brothers before joining Piper Sandler, and holds both the Chartered Financial Analyst (CFA) and Chartered Property Casualty Underwriter (CPCU) designations along with advanced degrees in mathematics, economics, and accounting. He is recognized for his highly rated insurance research and consistent outperformance among Wall Street analysts.

Paul Newsom's questions to ALLSTATE (ALL) leadership

Question · Q3 2025

Paul Newsom from Piper Sandler addressed investor concerns about competitive pricing lowering margins and Allstate's peak earnings, asking about evolving market dynamics and the trade-off between pricing and policies-in-force (PIF) growth.

Answer

CEO Tom Wilson affirmed Allstate's commitment to profitable PIF growth, emphasizing that all business is economic. He described the market as highly competitive, noting strong performance against competitors like Progressive and State Farm, and highlighted growth opportunities in homeowners, specialty lines, and non-standard auto insurance.

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Question · Q3 2025

Paul Newsom from Piper Sandler addressed investor concerns about competitive pricing lowering margins and Allstate's peak earnings, asking about evolving market dynamics and the trade-off between pricing and policies-in-force (PIF) growth.

Answer

CEO Tom Wilson affirmed Allstate's commitment to profitable PIF growth, emphasizing that all business is economic. He described the market as highly competitive, noting strong performance against competitors like Progressive and State Farm, and highlighted growth opportunities in homeowners, specialty lines, and non-standard auto insurance.

Ask follow-up questions

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