Allstate, Chubb, Progressive Face Significant Losses From Wildfires, Weather Events Say Analysts Ahead Of Q4 Reports

1. Allstate's fourth-quarter catastrophe losses estimated at $764 million (5.5%). 2. Chubb's first-quarter losses projected at $1.9 billion (17.5% load). 3. Progressive's fourth-quarter catastrophe losses expected at $340 million. 4. BofA maintains Buy rating on Allstate and Progressive but lowers price targets. 5. Wildfires significantly impacting multiple insurers' financial performance.