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$ALL's property-liability policies in force was $34.7MM which excludes $5.6MM Allstate financial policies and $2.1MM Good Hands roadside relationships. Catastrophe losses of $270MM were $247MM lower than 3Q14. Recorded combined ratio was 93.6% which is one-tenth of a point worse than 3Q14. YTD recorded combined ratio was 95.8%.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.