Allstate: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 04:33 PM ET
Last Updated - Dec 16, 2024, 05:49 PM EST
NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — Allstate Corp. (ALL) on Wednesday reported third-quarter net income of $1.19 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Northbrook, Illinois-based company said it had profit of $4.33. Earnings, adjusted for non-recurring gains, were $3.91 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The insurer posted revenue of $16.63 billion in the period. Its adjusted revenue was $16.38 billion.
