16 Quotes by Paul Newsome

I think you have to question the consistency of these one-time items.

People are selling on the good news of the 10-K coming out,

It does look like it's a pretty orderly transition. I don't expect there to be too many changes. Given that the company has done quite well of late, the best hope is that the good news continues.

We expect it to be a really big loss in the quarter but Allstate hasn't come out with an estimate and its hard to tell how big of a loss it will be, ... That's pretty unusual and it makes me a little nervous that they might post a bigger loss than expected.

Comments about pricing on conference calls will be very important for the insurance stocks.

The worst of what Cigna went through is clearly over.

The third quarter is clearly an anomaly. I think to a certain extent Allstate will get a pass this time because everyone is expecting a huge loss.

The third quarter is clearly an anomaly, ... I think to a certain extent Allstate will get a pass this time because everyone is expecting a huge loss.

Premium revenues were up a lot in the quarter, so that would suggest that they're lowering prices to gain more customers. But medical cost inflation could have accelerated too -- it's not clear which one it is, but both issues would affect the entire industry.